A general strike is imminent, with port employers in the USA proposing a 50% pay raise.
The United States Maritime Alliance (USMX) has announced a nearly 50% increase in dock workers' wages in an effort to resume negotiations with the International Longshoremen's Association (ILA).
Major shift in the Fed's hawkish leaning voting committee: Open to cutting rates by 50 basis points again if employment weakens.
Atlanta Fed President Bostic recently stated that if the upcoming US non-farm data shows slower job growth than expected, he will be open to the Fed cutting interest rates by 50 basis points again. Bostic revealed that in the September dot plot this year, he predicted only one 25 basis point rate cut in addition to the 50 basis point cut in September. Bostic mentioned the standard of non-farm job additions of around 0.1 million.
China and the United States are worlds apart! The Chinese stock market is bouncing back strongly, while US funds are being massively sold off.
On Monday, a total of 5,088 stocks in China's stock market rose, with only 4 stocks falling.
Directly hinting at a rate cut! Lagarde stated that in October, they will consider 'increased confidence in controlling inflation'.
Various signs indicate that the European Central Bank may cut interest rates again by mid-October, just three weeks after lowering policy rates. Two weeks ago, the market was still expecting the next rate cut to be in December. Following changes in market pricing and analyst expectations, Lagarde's statement is undoubtedly a very strong policy hint.
Fed's Quarles: There is a good reason to cut interest rates significantly, dock strikes may disrupt the supply chain.
①Goolsbee stated that, given the current economic situation and its possible direction, he believes the Federal Reserve has reasons to significantly cut rates; ②Goolsbee also mentioned the port strike issue, expressing concern that the dock workers' strike may continue to be prolonged, which could lead to serious supply chain disruptions.
Avoiding the "September curse", the U.S. stock market in October faces economic risks.
After saying goodbye to the September 'curse' in the US stock market, investors expect the US stock market to continue to rise in October. The put/call ratio in the options market has dropped to its lowest level since July 2023, and the s&p 500 index is expected to achieve its best performance in the first nine months since 1997, both showing investors' optimism. However, investors are still paying attention to the upcoming employment report and the actions of the Federal Reserve, as data from the New York Fed and others indicate a higher risk of economic recession in the US in the next year, and uncertainty about the Fed's next steps.