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Fed's most 'hawkish' official: Further rate cuts need to be cautious as progress in inflation decline has slowed down.
① Federal Reserve Governor Baumann called for a continued cautious approach to further interest rate cuts, as progress in reducing inflation has slowed and the job market remains strong; ② Within the Federal Open Market Committee (FOMC), Baumann is the most hawkish official.
U.S. stock market early session | Technology stocks dragged the Nasdaq down over 1%, nvidia fell over 2% after earnings, and Google dropped over 5%; earnings exceeded expectations! snowflake soared over 30%.
Investors are still evaluating the important financial report of AI technology giant nvidia. Bitcoin broke through $0.098 million to reach a new all-time high, with analysts bullish on it surpassing $0.1 million.
US stock market outlook | Cryptocurrency concept stocks surge across the board before market open, with MSTR and MARA up more than 11%; pdd holdings falls more than 9% before market open, Q3 revenue disappoints expectations
Performance exceeds expectations, Snowflake soared more than 23% in pre-market trading; pdd holdings fell more than 9% before the market, Q3 revenue fell short of expectations; Another company got rich because of holding bitcoin! Semler Scientific rose more than 24% in pre-market trading.
Wells Fargo & Co calls for 2025: Trump's policies and strong economy may push s&p 500 above 6600 points.
wells fargo & co raised the s&p 500 target range to 6500-6700 points, expecting economic growth and Trump's policies to boost corporate profit growth.
Goldman Sachs outlook for the 2025 global mmf market: the era of a "stronger and longer-lasting dollar" has arrived, with non-us mmf facing "internal and external difficulties" under tariff pressure.
Goldman Sachs pointed out that by 2025, the dollar will be "stronger and more durable". The USA may implement a broader range of tariffs and fiscal policy adjustments in the future, which will further enhance the competitiveness of the dollar and suppress the performance of other "challenger" currencies. In addition, the bias in capital flows, as well as the resilience of the USA economy, have provided solid support for the dollar.
Survey: Nine out of ten economists still expect the Federal Reserve to cut interest rates next month, but the pace of rate cuts will slow down next year.
A recent survey released by industry media this week shows that most economists still expect the Federal Reserve to cut interest rates for the third consecutive meeting next month; however, due to the risks of rising inflation posed by the policy guidelines suggested by the elected US president Trump, economists' expectations for the interest rate cut magnitude in 2025 have noticeably decreased compared to a month ago.