Powell: The economy is stronger than expected, the Federal Reserve can be "a bit more cautious" about cutting interest rates, and the Trump administration cannot set up a shadow Federal Reserve chair.
Powell stated that economic growth is stronger than expected at the time of the Federal Reserve's first rate cut in September, and there is no reason not to remain strong. Inflation has slightly increased, so the Fed can be more cautious regarding rate cuts while searching for a neutral interest rate level. There are no concerns about losing the Fed's independence, and there is confidence in maintaining good relations with the Trump administration. It is currently too early to determine the impact of Trump's tariffs and other policies on the economy and interest rate outlook.
The annual "big reshuffling" of the Nasdaq 100 is about to begin! Who is expected to join, and who will be eliminated?
This year's potential high-flying stocks like palantir, MSTR and more are expected to be included.
BlackRock Sees 'Exceptionalism' Powering US Stocks Higher in 2025
U.S. Stock Market Rally to Continue in Final Weeks of 2024, Goldman Strategist Says
Buckle up! The non-farm payroll data will be released tomorrow night, and goldman sachs has already prepared six scenarios in advance.
Goldman Sachs believes that the non-farm payroll report to be released this Friday is almost certainly an event that will affect the market direction, and investors can trade based on the possible different outcomes.
Powell 'repeats the old tune', while Woller has a 'clear attitude', understanding the attitudes of various Fed officials towards the rate cut in December.
Powell stated that the USA economy is currently in a good state, and it is expected that the FOMC will gradually lower interest rates to a neutral level; Bullard bluntly said, 'inclined to support rate cuts at the December meeting.' San Francisco Fed President Daly and Fed Governor Kuggel also stated that there is uncertainty in rate cuts.