Trump has a new development! He nominates several diplomatic envoys, including the owner of the Houston Rockets on the list.
Trump has new developments!
Weekly Preview | The market focuses on the National People's Congress Standing Committee meeting; due to the Christmas holiday, the Hong Kong Stock Exchange will be closed for two and a half days, and the U.S. stock market will be closed for one and a hal
The earnings report season for the US stock market has concluded. Due to the Christmas holiday, there will be no speeches from Federal Reserve officials this week, and the data released will be limited, but attention can be paid to the USA Consumer Confidence Index and initial unemployment claims; on Wednesday, Bank of Japan Governor Kazuo Ueda will deliver a speech regarding potential yen intervention measures.
Musk causes a commotion at Capitol Hill, is a "Trump 2.0" prototype emerging?
Analysis suggests that Musk's recent act of detonating a political nuclear bomb may be a rehearsal for the Trump 2.0 era of Musk's action model, intended to exert pressure on Congress. However, some also say that the consensus at Mar-a-Lago is that Musk has proven to be an effective Weapon to pressure Congress and a scapegoat for any backlash.
Federal Reserve dovish officials: Inflation has decreased significantly, and a moderate interest rate cut is expected next year.
① The Chicago Federal Reserve Chairman Goolsbee stated on Friday that he slightly lowered his forecast for next year's interest rate cuts but still expects the Federal Reserve to moderately cut rates next year; ② As a dovish official, Goolsbee will replace Cleveland Federal Reserve President Harmack next year and become a new voting member of the Federal Open Market Committee (FOMC).
Is the Federal Reserve turning hawkish? Morgan Stanley: I have seen this episode!
Morgan Stanley stated that the timing and magnitude of interest rate cuts depend on the implementation progress of the restrictive policies of the new Trump administration. However, the impact of these policies on economic activity may also be delayed. Therefore, while the Federal Reserve is currently hawkish, it may turn dovish later.
Why did the U.S. stock market rebound significantly? It comes from the key statements of this dovish Federal Reserve member.
Previously, he hinted that there might be a slowdown in the pace of interest rate cuts in 2024, which once sparked a reduction in market expectations for interest rate cuts next year. After seeing the latest inflation data, his recent remarks reaffirmed support for interest rate cuts, which undoubtedly provided a boost to the market.