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

"Minister Ma" takes the lead in bombarding, Trump and Vance echo each other, is the first battle of DOGE going to lead to the government shutdown in the USA?

Due to the public opposition from Musk and Trump, it has become uncertain whether the temporary bill to avoid a government shutdown can pass before this Friday. This public struggle surrounding the temporary bill is also an early test of Musk's political power and that of DOGE, which he leads.

wallstreetcn13minutes ago

The Federal Reserve's "expectations management" severely impacts rate cut expectations, with US Treasury yields and the dollar entering a "bull run mode."

The Federal Reserve gives traders reason to expect only one rate cut in 2025, yields on U.S. Treasury bonds soar violently across all maturities, and the USD rises to its highest point since 2022.

Zhitong Finance32minutes ago

Futu Morning Report | The "hawkish rate cuts" by the Federal Reserve severely impacted the US stock market! The Dow Jones Industrial Average sets a record for consecutive declines over half a century; Quantum Concept stock QUBT rises another 50%.

Cleveland Fed President Harker opposes interest rate cuts, the dot plot shows that 10 officials believe there should be a cumulative rate cut of 50 basis points by 2025; Fed Chair Powell stated that the Fed is not allowed to hold Bitcoin, Bitcoin dropped over 5% nearing $0.1 million, and U.S. stocks related to Cryptos all fell.

Futu News47minutes ago

Will there be only one interest rate cut next year? The Federal Reserve suddenly releases hawkish signals, causing Wall Street to collectively fall into panic.

The Federal Reserve lowered interest rates by 25 basis points as expected on Wednesday, but this did not stop investors from mass selling off risk Assets.

Zhitong Finance07:20

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