On the 10th, US stock prices continued to rise for the third consecutive day. US bond yields fell. The comments from US financial officials have led to speculation that the Federal Open Market Committee (FOMC) is heading for another pause in interest rate hikes. New York crude oil futures fell. The day before, it had … Read more
In the US financial market on the 9th, stock prices continued to rise. Comments from multiple US financial officials have strengthened expectations that further interest rate hikes will be postponed this year. Crude oil futures prices soared as fears of an escalation of fighting grew following a surprise attack on Israel by the Islamic group … Read more
The Federal Open Market Committee (FOMC) is likely to be inclined to raise interest rates again by the end of the year, as the number of non-farm employees in the US employment report was significantly higher than expected. The number of employees in September increased by 336,000 from the previous month, and the figures for … Read more
Ellen Zentner, Morgan Stanley’s chief U.S. economist, said of the Federal Reserve’s policy of raising interest rates to curb inflation: “We strongly believe that the authorities have done their job here, but they don’t want to leave the door open.” ” he pointed out. Zentner joined the podcast “What Goes Up” to discuss last week’s … Read more
Former U.S. Treasury Secretary Summers said policymakers were too optimistic about the latest economic forecasts from the Federal Open Market Committee (FOMC). He expressed caution that both inflation and growth may slow faster than officials expected. Summers said in an interview on Bloomberg Television’s “Wall Street Week” that the U.S. Federal Reserve is “way too … Read more
According to the US Consumer Price Index (CPI) statistics for August, the core index excluding food and energy increased more than expected from the previous month, leaving room for further interest rate hikes by the US Financial Authority. US core CPI accelerates month-on-month for the first time in six months in August – paving the … Read more
In the financial and securities markets on the 11th, long-term interest rates soared on speculation that Bank of Japan Governor Kazuo Ueda had signaled tightening of monetary policy, including ending the negative interest rate policy. Due to high interest rates, the yen rose sharply in the foreign exchange market, and bank stocks rose sharply in … Read more
In a video speech at the 2023 China International Trade in Services Fair, which opened in Beijing on the 2nd, Chinese President Xi Jinping announced that the country will continue to open up while pursuing its own development path. There are persistent concerns among investors about the country’s economy. China’s state-run Central Television (CCTV) reported … Read more
A slowdown in the U.S. job market gives the Fed room to hold off rate hikes at this month’s Federal Open Market Committee (FOMC) meeting. The Bureau of Labor Statistics announced on the 1st that non-farm payrolls (business establishment survey, seasonally adjusted) increased by 187,000 in August from the previous month. Employment figures for June … Read more
Cleveland Federal Reserve Bank President Loretta Mester said inflation in the United States, despite recent improvements, was still too high. He also acknowledged that the labor market remains strong. The governor spoke at a conference hosted by the Cleveland Federal Reserve Bank and the European Central Bank (ECB) on the 1st. Policymakers should look to … Read more