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The Federal Reserve's meeting minutes suggest a pause in interest rate cuts, with "almost all" policymakers believing that Trump's policies may drive up inflation.
The "New Federal Reserve News Agency": The minutes suggest that Fed officials will temporarily keep interest rates unchanged, partly due to Trump's intention to impose tariffs, and they anticipate the risk of inflation being higher than expected.
Futu Daily Report | Will the Federal Reserve pause interest rate cuts? Meeting minutes show officials are eager to slow down the pace of rate cuts; U.S. stocks are closed today in mourning for the death of former President Carter's.
The Trump team is reportedly considering declaring a national economic emergency to implement high and widespread tariffs; Bearish surprise! A single remark from NVIDIA CEO Jensen Huang triggered a collective drop in USA quantum computing stocks.
U.S. stock market closing | Jensen Huang caused a collapse in quantum computing stocks, QUBT fell over 43%; China Concept Stocks fell, Xiaopeng Autos dropped over 5%.
① The Nasdaq China Golden Dragon Index fell by 0.67%, with most China Concept Stocks declining; ② Wildfires ravaged California, and Electrical Utilities provider Edison International fell by 10%; ③ Jensen Huang stated that a "very useful" quantum computer may take several decades to arrive; ④ Intel: will continue to focus on the independent graphics card market.
Wall Street Closes Mixed Amid Rising Treasury Yields And Tariff Speculation
Top 20 Transaction Amount | Quantum Computing concept stocks have significantly pulled back, with IONQ dropping 39%, RGTI falling over 45%, and Jensen Huang stating that commercialization will require at least another 15 years.
On Wednesday, the stock with the highest trading volume in the US market was NVIDIA, which closed down 0.02%, with a trading volume of 31.802 billion USD. The second was Tesla, which closed up 0.15%, with a trading volume of 28.804 billion USD. The third was Apple, which closed up 0.20%, with a trading volume of 9.105 billion USD.
The Trump team is moving to restructure the leadership of the Federal Reserve, with Bowman likely being promoted to Vice Chair for Financial Regulation, and adjustments made to the list of Powell's successors.
According to media reports citing informed sources, Waller, who became a member of the Federal Reserve Board during Trump's first presidential term, has seen his "advantage" for becoming the chairman of the Federal Reserve significantly decline, as Trump is unhappy with his support for a substantial rate cut last September. Trump's advisory team will closely monitor the current Federal Reserve officials' statements on interest rates to assess who is suitable to take on the role of the next central bank leader.