Powell: The economy is stronger than expected, the Federal Reserve can be "a bit more cautious" about cutting interest rates, and the Trump administration cannot set up a shadow Federal Reserve chair.
Powell stated that economic growth is stronger than expected at the time of the Federal Reserve's first rate cut in September, and there is no reason not to remain strong. Inflation has slightly increased, so the Fed can be more cautious regarding rate cuts while searching for a neutral interest rate level. There are no concerns about losing the Fed's independence, and there is confidence in maintaining good relations with the Trump administration. It is currently too early to determine the impact of Trump's tariffs and other policies on the economy and interest rate outlook.
The annual "big reshuffling" of the Nasdaq 100 is about to begin! Who is expected to join, and who will be eliminated?
This year's potential high-flying stocks like palantir, MSTR and more are expected to be included.
Federal Reserve Beige Book: Economic activity in most regions of the usa has seen a slight growth, and businesses are more optimistic about future demand.
The Federal Reserve stated in the "Beige Book" that economic activity in most regions of the usa has "slightly increased", with growth expectations rising moderately, employment levels remaining stable or only slightly increasing, and consumer spending generally staying stable.
Trading volume TOP20 | Growth stocks surged on high volume, Marvell Technology rose more than 23%, Salesforce rose over 10%; bitcoin approached the $0.1 million mark, MSTR rose nearly 9%, Coinbase rose nearly 7%
On Wednesday, the first in U.S. stock trading volume, nvidia, closed up by 3.48%, with a transaction of 33.127 billion dollars. The second, tesla, closed up by 1.85%, with a transaction of 17.895 billion dollars. The third, microstrategy, closed up by 8.72%, with a transaction of 11.44 billion dollars.
Apple's collaboration with Baidu to develop the China version of AI features has encountered obstacles, which may affect iPhone sales.
According to sources, apple and baidu are collaborating to add artificial intelligence features to iPhones sold in china next year. However, the project has encountered obstacles as the two companies have differences on how to use iPhone user data to train and improve models.
Express News | Powell did not disclose whether he advocates for a rate cut this month, believing that he will get along well with the Trump administration.
US stocks closed | Technology stocks boost the three major indexes to new highs! Marvell technology soared more than 23% after performance, Salesforce rose nearly 11%
The Nasdaq and chip index rose more than 1%, the small cap index reversed to a decline at one point, Meta, netflix, amazon, apple, and walmart all reached new highs, nvidia rose 3.5%, eli lilly and co peaked at 4%, the China concept index fell 2% at one point, and south korea etf, French stocks, and French bonds all closed higher.
Next year, the ticket committee and the St. Louis Federal Reserve Chair: the rate cut might be paused as early as this month.
Musalem indicated that in the context of inflation being higher than expected and concerns about the labor market easing, it may be time for policymakers to slow down the pace of interest rate cuts, with a possible pause in cuts as early as this month, ultimately depending on economic data.
President-Elect Donald J. Trump Posts On Truth "I Am Pleased to Announce That Former Congressman Billy Long, of the Great State of Missouri, Will Be Appointed to Serve as the Commissioner of the Internal Revenue Service (IRS)..."
U.S. stocks closed: all three major indexes hit new highs as Trump ignited a cryptos frenzy, while AI applications and the chip sector showed more bullish earnings reports.
1. Jerome Powell's wording was "just right", and the Dow Jones Industrial Average closed above 45,000 points for the first time in history; 2. AI applications and chip sectors once again showed bullish financial report news; 3. The CEO of the largest health insurance company in the usa was assassinated on the street; 4. Trump nominated an SEC chairman with a pro-cryptos stance.
SonarX Partners With Amazon To Integrate On-Chain Datasets Into AWS
SPDR S&P 500 ETF Options Spot-On: On December 4th, 6.18 Million Contracts Were Traded, With 18.24 Million Open Interest
On December 4th ET, $SPDR S&P 500 ETF(SPY.US)$ had active options trading, with a total trading volume of 6.18 million options for the day, of which put options accounted for 57.9% of the total
Global Asset Management To Reach $43.6 Trillion By 2029, Driven by Active ETFs
Making Money From Crowd Stampede – Palantir Becomes Largest Defense Contractor In Blink Of An Eye
EU Begins Questioning Nvidia Customers as Part of Run.ai Scrutiny: Report
ETFs Hit Record Inflows in November and Are on Pace to Surpass $1T by the End of 2024
AT&T, JPMorgan Have Reportedly Pulled Out of Twitch Ads After Allegations of Antisemitism
Forex Today: The US Labour Market Remains in the Spotlight
Fed Chair Powell Says Central Bank Cannot Take Debt And Deficits Into Account In Setting Rates; Needs To Focus On Inflation; The Fed Is Far From A Situation Of Fiscal Dominance, Uses Its Tools To Achieve Mandate On Inflation And Jobs; Bitcoin Is Used...
Amazon Emerges As Top Analyst Pick In Holiday Season