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On August 6, the US financial information mainly focused on the monetary policy trends of the Federal Reserve. Here are some key points:
1. **The Federal Reserve hinted that it might cut interest rates in September**: At the monetary policy meeting that ended on July 31, the Federal Reserve announced that it would maintain the target range of the federal funds rate at 5.25% to 5.5%, and said that if the fight against inflation continues to make progress, it may cut interest rates in September.
2. **Market expectations for rate cuts have increased**: With the decline in inflation data, market expectations for the Federal Reserve to cut interest rates in September have increased. Data from the Chicago Mercantile Exchange showed that as of July 31, the probability of the Federal Reserve cutting interest rates by 25 basis points at the September interest rate meeting reached 87.5%.
3. **Economists' concerns about the Fed's actions**: Some economists are worried that the Fed's slow action may pose risks to the US economy, and believe that the Fed should take faster action to cut interest rates to avoid a recession.
4. **US June CPI data**: The US Consumer Price Index (CPI) in June rose 3% year-on-year and fell 0.1% month-on-month, showing that inflationary pressures have eased.
5. **Reaction of the US stock market**: Fed Chairman Powell's dovish remarks at the congressional hearing and the decline in inflation data have driven the rise of the US stock market. The market expects that the Fed may cut interest rates in September, which has boosted investor confidence.
6. **Minutes of the Federal Reserve FOMC Monetary Policy Meeting**: The minutes may provide more clues about the Fed's decision-making process and future policy direction.
7. **Powell's semi-annual congressional testimony**: Powell's testimony may further affect market expectations of the Fed's monetary policy.
These information show that the Fed's monetary policy trends, especially the possibility of rate cuts, are the main focus of the current US financial market. Investors and analysts are closely watching the Fed's next move and its possible impact on the economy and the market.
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