Waiting for interest rate cuts? The 'voice' that understands the Federal Reserve best has hinted that this time Powell will turn to a more reliable approach!

During this week's two-day Congressional visit to Capitol Hill, Federal Reserve Chairman Powell's testimony did not cause much market uproar. However, according to renowned journalist Nick Timiraos, who has been dubbed the 'New Fed Communications Agency,' Powell has hinted that the Fed's interest rate policy will soon begin to change direction this week, and this shift may be even more reliable...

cls.cn28minutes ago

No longer a case of "The Boy Who Cried Wolf"? The New York Federal Reserve comments that this time, "Powell Pivot" will be more sustainable than at the end of last year.

Nowadays, the threshold for Fed rate cuts is lower than in previous months and the situation has changed. Powell believes that inflation is returning to normal and the labor market is clearly weakening, further weakness is unnecessary and unwanted.

wallstreetcn10:08

With multiple new highs in the US stock market, Goldman Sachs macro trader is worried: bad news may become really bad news, what if interest rate cuts are too late?

Goldman Sachs macro trader Bobby Molavi pointed out that the breadth of the US stock market has become extremely narrow, with seven major technology stocks, including Nvidia and Apple, accounting for nearly 30% of the US market cap. The rise of any of these seven giants can offset the temporary weakness of other individual stocks.

wallstreetcn08:55

Trump challenges Biden: give you a chance to prove yourself, have another debate and play a round of golf.

Trump said this is giving Biden a chance to prove himself to the world.

cls.cn08:18

Futu Morning News | Powell unexpectedly "dovish"! US stocks reach new highs again; Wall Street has been fully occupied by bulls! Investment banks are shouting that the S&P 500 is expected to rise to 5900 points by the end of the year.

The U.S. stock market continues to hit new highs. Goldman Sachs macro traders are scared and any disappointing profits may face severe punishment. On the eve of the heavy CPI announcement in the United States, the 10-year Treasury auction performed well.

Futu News08:11

Federal Reserve Chairman Powell: Interest rate cuts do not have to wait until inflation reaches 2%, but the confidence in curbing inflation is still not enough. The neutral interest rate has risen.

However, Powell stated that the Federal Reserve does not need to wait until inflation falls below 2% to lower interest rates, because if they wait too long, inflation may drop too low and lowering interest rates too late or too little may inappropriately weaken economic activity and employment, which is not what the Federal Reserve hopes to see. Powell also said that he has never had substantive communication with US President Biden in the past two years, and has not detected any mental or cognitive decline in him before.

wallstreetcn06:58