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.

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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

U.S. stock market preview | All three major index futures are rising! Goldman Sachs: Although the Federal Reserve is hawkish, Powell is more dovish, still expecting three rate cuts next year; NVIDIA Concept stock SoundHound AI soared 7% in pre-market trad

Cryptos concept stocks are strong in Pre-Market Trading, with Coinbase and MARA rising over 3%; Accenture's shares in Pre-Market Trading increased nearly 7%, with Q1 revenue for fiscal year 2025 growing 9% year-on-year; entering the defense Sector, Nukkleus surged nearly 37%, accumulating over 35 times in the last two Trading days.

Futu News1minutes ago

Year-end sprint of US stocks: Are you familiar with the potential big winners of this year's gains?

There are only a few trading days left this year; who will emerge as the champion of the increase?

cls.cn22minutes ago

Annual review | The "report card" for Global major asset classes is out! Bitcoin has surged 136% this year, leading the world, with strong performances from US stocks, China assets, and Japanese stocks.

In this spectacular year, which asset classes have been dominant globally? Which market symbols have underperformed? Let's review together!

Futu News19:21

The Federal Reserve may not cut interest rates next year! Wharton School professor: The sharp decline in the US stock market is not surprising.

Wharton School of Business at the University of Pennsylvania's emeritus professor of finance, Siegel, stated that the sell-off in the U.S. stock market is "healthy," and the Federal Reserve's cautious forecast about future interest rate cuts has made investors "realize the reality."

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