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In April, the "terrifying data" from the USA slightly exceeded expectations, and the PPI unexpectedly cooled down.
Retail sales in the USA maintained growth in the month impacted by Trump's tariffs, but there was a clear slowdown, which may raise questions about the intensity and stability of consumer spending in the coming months.
The "New Federal Reserve News Agency" reports that the Federal Reserve will adjust its framework for interest rate setting, acknowledging that the era of long-term low interest rates may have come to an end.
Nick Timiraos stated that in a world where it is no longer certain whether there will be ultra-low interest rates, Powell is guiding a new Global Strategy. The Federal Reserve is about to adjust its framework for setting interest rates, which is unlikely to affect current policy decisions, but acknowledges that the era of 'long-term low rates' may have ended. This review by the Federal Reserve reflects on the shortcomings of the framework established in 2020—especially its failure to adapt to a wide range of economic scenarios, even when those scenarios seemed unlikely to occur at the time. This review is expected to retain the core concepts of the Federal Reserve's framework, including the 2% inflation target, and ensuring that the public believes the Federal Reserve will maintain low and stable inflation as a key mission.
Express News | Federal Reserve Board member Barr: Supply chain disruptions related to tariffs may increase inflation.
CEO of JPMorgan: The possibility of a recession in the USA still exists, and the trade war will have lingering effects.
① Dimon pointed out that the possibility of a recession in the USA still exists, and tariff shocks continue to disrupt the Global economy; ② Dimon believes that tariff turmoil could lead to a loss of some investments to the USA, "there will definitely be some consequences. We have annoyed many people."
Express News | Powell hinted at a "major overhaul" of the MMF policy framework, re-examining the average inflation targeting system.
Express News | Analysis: The core inflation Indicators favored by the Federal Reserve are expected to improve in April.