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Federal Reserve Releases Latest Beige Book: Officials Hint at Rate Cuts Starting This Month, Possible Multiple Cuts in the Next 3-6 Months
The latest Beige Book released by the Federal Reserve shows that U.S. economic activity slowed in July and August, but overall economic activity remains in an expansion state. The Beige Book notes that consumer spending has slightly increased, but concerns among businesses regarding the economic outlook have risen, leading to a slowdown in business investment and hiring activities. At the same time, the Beige Book also mentions that inflation pressures have eased, but the labor market remains tight.
Federal Reserve Governor Waller mentioned in a speech that the Fed may begin to lower interest rates this month, and there may be multiple cuts in the next 3 to 6 months. This statement aligns with market expectations, as the market generally anticipates that the Fed will announce a rate cut at the September meeting. Additionally, Waller emphasized that the Fed will closely monitor economic data, including employment and inflation indicators, when formulating monetary policy.
Market analysts point out that the release of the Beige Book and the officials' speeches may impact the market, especially the stock and bond markets. Investors are closely watching the Fed's actions to gauge future interest rate trends. Despite the uncertainties, most analysts believe that the Fed's rate cuts will help support economic growth.
It is noteworthy that after the release of the Beige Book and the speeches of the Fed officials, market expectations for a rate cut in September have significantly increased. According to the latest data from CME’s “FedWatch” tool, the current market expectation for a 25 basis point cut in September has risen sharply to 99.7%.
Overall, the latest developments from the Federal Reserve provide important clues for the future direction of monetary policy. Investors should closely monitor the Fed's further actions to better seize investment opportunities.
#美联储褐皮书 #降息
The latest Beige Book released by the Federal Reserve shows that U.S. economic activity slowed in July and August, but overall economic activity remains in an expansion state. The Beige Book notes that consumer spending has slightly increased, but concerns among businesses regarding the economic outlook have risen, leading to a slowdown in business investment and hiring activities. At the same time, the Beige Book also mentions that inflation pressures have eased, but the labor market remains tight.
Federal Reserve Governor Waller mentioned in a speech that the Fed may begin to lower interest rates this month, and there may be multiple cuts in the next 3 to 6 months. This statement aligns with market expectations, as the market generally anticipates that the Fed will announce a rate cut at the September meeting. Additionally, Waller emphasized that the Fed will closely monitor economic data, including employment and inflation indicators, when formulating monetary policy.
Market analysts point out that the release of the Beige Book and the officials' speeches may impact the market, especially the stock and bond markets. Investors are closely watching the Fed's actions to gauge future interest rate trends. Despite the uncertainties, most analysts believe that the Fed's rate cuts will help support economic growth.
It is noteworthy that after the release of the Beige Book and the speeches of the Fed officials, market expectations for a rate cut in September have significantly increased. According to the latest data from CME’s “FedWatch” tool, the current market expectation for a 25 basis point cut in September has risen sharply to 99.7%.
Overall, the latest developments from the Federal Reserve provide important clues for the future direction of monetary policy. Investors should closely monitor the Fed's further actions to better seize investment opportunities.
#美联储褐皮书 #降息
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Federal Reserve Beige Book: Economic Activity Moderately Declines, Labor Market Remains Stable
The latest Federal Reserve Beige Book shows that U.S. economic activity is moderating, but the labor market remains stable.
Bloomberg reporter Catarina Saraiva points out that this report has a similar tone to this year's, with businesses and consumer sentiment becoming increasingly cautious, mainly due to ongoing trade tensions and tariffs. Everyone is watching how this trade war will develop.
The report mentions tariffs 122 times, and "moderate economic decline" is a common phenomenon across regions. However, Saraiva also emphasizes that American consumers are displaying remarkable resilience, with consumption remaining strong, largely thanks to a stable job market. Although retail sales have seen slight growth, large purchases have cooled off.
Regarding inflation, the report once again sounds the alarm. There is a risk of inflation expectations becoming unanchored, which could weaken the Federal Reserve's ability to control prices. Fortunately, despite recent fluctuations in sentiment, most market inflation indicators remain relatively stable.
Additionally, Saraiva talked about Federal Reserve Governor Michelle Bowman. She is known for supporting loose regulations and opposing increased capital requirements, often aligning with industry views on regulation, but she also advocates for strict oversight and calls for an independent review of the Silicon Valley Bank incident.
Saraiva also mentioned that Bowman's prudent and accommodative stance as a Federal Reserve governor has proven her to be a responsible policymaker. At the same time, she hinted that Bowman may have become a potential candidate to succeed Powell.
In summary, economic slowdown, tariff clouds, inflation concerns... every economic-related data released by the Federal Reserve constantly stirs the market nerves!
What is your judgment on the future direction of the economy? Steady progress or undercurrents? Share your thoughts in the comments section!
The latest Federal Reserve Beige Book shows that U.S. economic activity is moderating, but the labor market remains stable.
Bloomberg reporter Catarina Saraiva points out that this report has a similar tone to this year's, with businesses and consumer sentiment becoming increasingly cautious, mainly due to ongoing trade tensions and tariffs. Everyone is watching how this trade war will develop.
The report mentions tariffs 122 times, and "moderate economic decline" is a common phenomenon across regions. However, Saraiva also emphasizes that American consumers are displaying remarkable resilience, with consumption remaining strong, largely thanks to a stable job market. Although retail sales have seen slight growth, large purchases have cooled off.
Regarding inflation, the report once again sounds the alarm. There is a risk of inflation expectations becoming unanchored, which could weaken the Federal Reserve's ability to control prices. Fortunately, despite recent fluctuations in sentiment, most market inflation indicators remain relatively stable.
Additionally, Saraiva talked about Federal Reserve Governor Michelle Bowman. She is known for supporting loose regulations and opposing increased capital requirements, often aligning with industry views on regulation, but she also advocates for strict oversight and calls for an independent review of the Silicon Valley Bank incident.
Saraiva also mentioned that Bowman's prudent and accommodative stance as a Federal Reserve governor has proven her to be a responsible policymaker. At the same time, she hinted that Bowman may have become a potential candidate to succeed Powell.
In summary, economic slowdown, tariff clouds, inflation concerns... every economic-related data released by the Federal Reserve constantly stirs the market nerves!
What is your judgment on the future direction of the economy? Steady progress or undercurrents? Share your thoughts in the comments section!
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