Trump Rally Fades As Investors Await Powell's Remarks, Bitcoin Drops Below $90,000: What's Driving Markets Thursday?
Where is the end point of this round of Fed rate cuts? Goldman Sachs: Around 3.25-3.5%, 100 basis points higher than the peak of the previous cycle.
Goldman Sachs pointed out that there are two main reasons for the adjustment of the neutral rate, including the rise in interest rates in the bonds market and the updated estimates of the neutral rate by economic models. Furthermore, the adjustment is also supported by current strong fiscal spending and non-monetary policy factors such as risk appetite.
Trump wants to "interfere" with mmf policy? A Federal Reserve governor supports the independence of the central bank.
Kudrin pointed out that an independent central bank has higher credibility in the financial markets and among the public, can stabilize inflation expectations, and achieve inflation stability.
Charlie Munger: In the long run, "avoiding stupidity" can make us more outstanding.
Control the initial irrational emotions. When you are subjected to a huge stimulus, you may exhibit many strange behaviors. If you can remain wise during such times, you will benefit.
Federal Reserve Board member Cook: Policy must simultaneously focus on inflation and employment goals.
Federal Reserve Governor Coogle stated that policymakers must simultaneously focus on the central bank's inflation and employment targets, and pointed out that the labor market is cooling down, slowing progress towards the Federal Reserve's 2% inflation target.
US stock early market | The three major indexes fell, while disney rose more than 8% against the trend; semiconductor stocks rose overall, as asml holding increased by over 4%, and taiwan semiconductor, applied materials rose over 2%.
On Thursday, the three major US stock indices fell broadly. The s&p 500 dropped by 0.16%, the nasdaq fell by 0.20%, and the dow jones industrial average decreased by 0.11%.