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Could there be hope for a rate cut in July from the Federal Reserve? This week's non-farm payroll report is crucial!
According to the recent report from TSLombard economists, if the unemployment rate rises in June, a rate cut in July may ultimately be triggered.
Amazing turnaround! Trump's Q2 campaign funding has surpassed Biden's, further expanding his chances of winning.
Biden's fundraising in the second quarter of this year was unexpectedly surpassed by Trump, which means that Biden's chances of winning the election this year have decreased by another ten percent.
Powell's 'dovish tone' leads to a drop in US bond yields, with a focus on the minutes of the Federal Reserve meeting tonight.
The stabilization of the bond market that day was largely due to the "dovish tone" emanating from the Federal Reserve. The minutes of the Fed's meeting early Thursday morning are expected to be a major focus going forward.
Will the US employment suddenly deteriorate? On the eve of the non-agricultural employment data, this data is of interest tonight.
Economists predict that the number of initial jobless claims for the week ending June 29 may slightly increase from 233,000 the previous week to 235,000, and this potential upward trend may indicate a cooling job market.
Futu Morning News | Technology stocks continue to soar! Tesla rose more than 10%, Apple and Amazon hit new highs together; Powell's latest statement: Significant progress in reducing inflation.
Biden will meet with Democratic governors to seek support, and several popular candidates for succession will attend. Tesla delivered 444,000 vehicles in the second quarter, higher than expected in the market. Apple is expected to gain a seat on the OpenAI board of directors as an observer.
Fed officials: Maintaining interest rates will increasingly restrict the economy; if inflation data is satisfactory, they will be confident in cutting rates.
Chicago Fed President Charles Evans said that in the case of continued downward inflation, maintaining current policy interest rates will put greater downward pressure on demand, which will actually have a tightening effect on monetary policy. Since July last year, the Federal Reserve has not adjusted monetary policy, and the federal funds rate target range has been maintained at 5.25% to 5.50%, the highest level in over 20 years.