usa's October PCE inflation slightly rebounded! But the market still expects the Fed to cut interest rates again in December.
The market expects the Federal Reserve to cut interest rates again in 2024. According to CME Group's Federal Reserve Watch tool, the market anticipates a 67% chance of a rate cut at the December meeting.
The first challenge for the next USA Treasury Secretary, Basant, is how to renew the 6.7 trillion dollars in bonds that are due next year.
Bloomberg reporter Robert Burgess wrote on Wednesday that this will result in an exceptionally large amount of bonds maturing next year, which has now reached 6.74 trillion dollars, accounting for about one-quarter of the total 28 trillion dollars in circulating government debt in the usa, potentially causing sleepless nights for the next Treasury Secretary, Besant.
Bull market continues! Morgan Stanley looks at the US stock market in 2025: reaching 6,500 points by the end of next year, with high-quality cyclical stocks as the top choice.
Daiwa believes that the s&p 500, represented by high-quality stocks, will benefit from the Fed's rate cut cycle, stabilization of business indicators, policy mix, and uncertainty in economic data. However, considering that specific policies have not yet been introduced, U.S. stocks have been severely overbought, and next year's market is unlikely to "rise in a straight line," the key will be to see the Trump administration's measures in cutting fiscal spending.
In the era of Trump 2.0, a tough immigration policy is emerging! What impact will it have on the market?
After Trump took office, he sparked round after round of concept stock trading in the US stock market. In these Trump trades, there is a "niche track" - namely private prison operators benefiting from immigration policies.
Musk announced that he would abolish the "Financial Industry Consumer Association" in the U.S., criticizing it as a typical example of redundant regulation.
Previously, Trump announced the establishment of a "Department of Government Efficiency" led by Musk and Ramaswamy, responsible for reducing government spending and streamlining institutions.
Futu Daily News | The inflation indicators favored by the Federal Reserve rebound! The attitude towards interest rate cuts in December may be more cautious; the Central Office and the State Office issued the 'Action Plan to Effectively Reduce Logistics Co
The Fed's favorite inflation indicator rebounds! The usa's core PCE price index for October is 2.8% year-on-year; strong consumer spending drives steady growth of 2.8% in the usa's third-quarter GDP; Trump's team is considering digital assets advocate Atkins to serve as SEC chairman.