Powell is not in a rush to cut interest rates quickly, but his patience is about to be tested!
Analysts believe that due to the complexity caused by strikes and hurricane damage, there will be two significant 50 basis point rate cuts in November and December.
US Stock Discovery | Chinese concept stocks continue to rise! Bilibili has more than doubled in the year to reach a new high, while Alibaba, jd.com, and ke holdings have all risen by over 50%.
In terms of stocks hitting record highs, bilibili rose by 10.96%, ranking first on the list, trip.com rose by 7.05%, h world group rose by 6.69%.
The ongoing strike at ports in the USA has led to a sudden increase in the risk of rising prices.
Ports along the east coast of the USA and the Gulf of Mexico have entered the third day of a dock workers' strike, causing unloading interruptions and potentially resulting in commodity shortages.
Standard Chartered: Giving a target price of 6170 points for the s&p 500 index over the next 12 months, with an overweight rating for the indian stock market.
On October 3, Guolonghui| Standard Chartered Wealth Management Chief Investment Office expressed optimism about stocks in the USA and India, benefiting from the soft landing of the US economy, broader profit growth, and the drive in the technology industry. Standard Chartered has set a target price of 6170 points for the s&p 500 index in the next 12 months, about 8% higher than the current price, also overweighting the Indian stock market.
Apollo CEO warns: Aggressive rate cuts by the Federal Reserve may backfire.
Apollo's CEO is concerned that the Federal Reserve may be overstimulating the economy and has issued a warning about the current pace of government spending.
Richmond Fed President: A significant interest rate cut is an adjustment, not panic, and the inflation issue has not been fully resolved.
Baljin pointed out that after experiencing the highest interest rates and easing supply chain issues in 20 years, the slowdown in the inflation rate has provided the basis for the Federal Reserve to lower interest rates in the usa.