Cutting interest rates by 50 basis points! The Federal Reserve initiates a aggressive first step to open a period of monetary easing.
Understand the attitude changes of policymakers in the Federal Reserve's latest statement, providing investors with the latest macroeconomic news.
Compared to the Federal Reserve's interest rate cut, the upcoming earnings season is more important for US stocks, beware of October panic.
Analysis suggests that the US stock market is reflecting a combination of US economic growth, increased corporate profits, and lower interest rates. This means that everything, from economic data to corporate financial reports to interest rates, must unfold perfectly in order for the US stock market to maintain its current level. Investors should be wary of the October earnings season triggering downward revisions in corporate profit expectations, which could ignite market panic.
TOP 20 transaction volume | Nvidia fell nearly 2%, with a transaction volume of over 35.5 billion US dollars; Apple rose nearly 2%, and Goldman Sachs is expected to take over its credit card project from Goldman Sachs.
On Wednesday, Nvidia, ranking first in trading volume, fell 1.92% with a turnover of $35.556 billion. Tesla, ranking second, fell 0.29% with a turnover of $17.913 billion. Apple, ranking third, rose 1.80% with a turnover of $13.189 billion.
US stocks closed | After the interest rate cut, US stocks rose and then fell back, with the three major indices closing slightly lower. Apple bucked the trend and rose nearly 2%.
After the Federal Reserve cut interest rates, US stock index hit a new daily high. However, it turned downwards after Powell's press conference. The S&P 500 ended its seven-day winning streak, while the Dow Jones Industrial Average fell for the second consecutive day. Nvidia failed to rebound and closed down nearly 2%, while Apple rose against the trend, gaining nearly 2%.
Express News | The probability of the Fed cutting interest rates by 25 basis points in November is 62.2%.
A review of Powell's speech: There is no fixed interest rate path, and there is currently no sign of a recession in the US economy.
①Powell said that there are currently no signs of a recession in the US economy, and he does not believe that an economic recession is imminent; ②Powell emphasized that no fixed interest rate path has been set and decisions will be made progressively through meetings.