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.
The Investment Guide for the 2024 USA Election is here! The best deployment time has come. Which US stocks are worth paying attention to?
Bank of America stated that the average monthly ROI of the S&P 500 index in the fourth year of a presidential cycle shows mediocre performance from January to May, a summer rebound from June to August, a fall before the election in September to October, and a post-election rebound in November and December.
Top 20 turnover | Tesla surged more than 10%, vehicle deliveries in the second quarter exceed expectations; Nvidia fell more than 1% facing antitrust charges in France.
On Tuesday, Tesla, with a transaction volume of USD 46.445 billion, rose 10.2%, ranking first. Nvidia, with a transaction volume of USD 26.659 billion, fell 1.31%, ranking second. Apple, with a transaction volume of USD 12.72 billion, rose 1.62%, ranking third.
US stocks close | S&P and Nasdaq hit new closing highs, Amazon, Apple, and Microsoft hit new highs again, and Tesla surged more than 10%.
Chinese concept stocks index rebounds and breaks away from its 5-month low, with alibaba, nio inc, li auto inc rising about 2%.
Express News | The probability of the Federal Reserve keeping interest rates unchanged in August is 91.7%.
Powell emphasizes progress in inflation, and the S&P 500 index closes above 5,500 points for the first time. Nasdaq hits a new high again.
During a speech at the European Central Bank forum, Federal Reserve Chairman Powell acknowledged progress on inflation, but emphasized that the central bank is not yet ready to lower interest rates. Investors reacted to Powell's remarks and the latest employment report, with the S&P 500 index and the Nasdaq index both closing at historic highs on Tuesday, up 0.6% and 0.8% respectively to 5,509 and 18,028 points. The blue-chip Dow Jones Industrial Average rose 162 points or 0.4% to 39,331. Among the large-cap stocks, Apple (AAPL.US) and Amazon (AMZN.US) rose 1.4%-1.6%, with delivery volumes exceeding expectations.
Express News | The three major indexes of the US stock market closed up collectively. The Dow rose 0.41%, the Nasdaq rose 0.84%, and the S&P 500 index rose 0.62%. Most popular technology stocks rose, with Tesla up more than 10%, and Amazon, Google, and Apple up more tha
Express News | Morgan Asset Management strategist: Only a bear market impact can overturn the power of technology stocks.
Express News | USA job vacancies unexpectedly rebounded, previously dropped to a three-year low.
Powell's stance is dovish: Inflation has made significant progress and may return to 2% by the end of next year or the year after.
Powell said that inflation has made "significant progress", but he remains cautious about the timing of the first rate cut...
Is the US labor market showing signs of losing momentum? Investors are closely watching two key reports this week.
The hot labor market has always been a key obstacle preventing the Fed from cutting interest rates.
Express News | Powell said that inflation is returning to a downward trajectory, but more data still needs to be observed.
Express News | Market analysis: Powell remains dovish as always.
Express News | In May, the JOLTs job vacancy in the USA was 8.14 million, expected 7.91 million, and the previous value was 8.059 million.
Express News | Federal Reserve Chairman Powell: Inflation may return to 2% by the end of next year or the year after.
Express News | Powell: 'Need more confidence' before cutting interest rates
US stocks in early trading | The three major indexes fluctuated slightly, with the Nasdaq slightly up; large technology stocks rose and fell, with Tesla up more than 7% and Nvidia down more than 1%.
The U.S. stock market opened lower on Tuesday, with major indices partially giving back the gains from the previous trading day. Investors are watching labor market data and a speech from Federal Reserve Chairman Powell.
Express News | Analyst: Powell still tight-lipped on whether there will be a rate cut in September.
Top asset management giants support the AI craze: Nvidia and other AI leaders will continue to drive the bull market.
Top asset management giants believe that ai still has a lot of driving force to push the stock market up; investors expect the US stock market to rise by as much as 9% in the second half of this year; ai is still a big theme, closely related to profits.
Express News | Federal Reserve Chairman Powell: The service industry is usually more difficult to lower inflation. Wage growth is falling back to a more sustainable level. Seeing the labor balance move in a better direction. Wage growth is still higher than the final ba