Biden's first statement before leaving office: Congress members should be prohibited from engaging in Stocks Trade.

① The President of the USA, Biden, stated in an interview that members of Congress should be prohibited from trading Stocks; ② This is the first time Biden has expressed his opinion on the issue of Congress members trading Stocks, and given that he has only one month left in his term, the impact of his statement remains unclear.

cls.cn07:58

Powell: "Approaching or already at" the point of slowing down and pausing interest rate cuts, future rate decreases will require new progress in inflation (full text attached).

Powell stated that the decision to cut interest rates at this meeting was relatively difficult, as the Fed faces a roughly balanced risk in achieving its dual goals of controlling inflation and promoting employment, with significant progress already made in controlling inflation. Although interest rates have been lowered by 100 basis points, they are still 'significantly' restraining economic activity, and the Fed is 'on track to continue lowering rates.' However, before any further cuts, officials need to see more progress on inflation. Powell mentioned that the policies of the new USA administration have not yet been officially released, but the Fed has done quite a bit of preparatory work, enabling a more careful and considered assessment and appropriate policy response when specific policies are finally revealed. The Fed announced a 25 basis point rate cut on Wednesday, as the market expected, but Fed officials significantly raised the median target range for future policy rates and made substantial upwar

wallstreetcn07:17

USD: Pause in Rate Cuts May Come as Early as January – OCBC

FXStreet18minutes ago

Goodbye stability, welcome to the "roller coaster" of the stock market in 2025! Is the investment portfolio ready?

As the end of 2024 approaches, the market outlook is filled with uncertainty, and the stock market may face a wave of volatility.

Golden10 Data30minutes ago

Express News | UOB: The Federal Reserve may cut interest rates by 75 basis points next year.

Breakings15:17

Markets Might Have Overreacted to Fed's Signals -- Market Talk

WSJ14:56