Jin Shi Data Compilation: Powell's Congressional Testimony and Hearing Key Points

GoldenOctober2024

2024-07-09 15:33:48

Abstract generation in progress

Inflation Situation: ‘Significant progress’ has been made, waiting for more positive data to boost confidence. 2. Labor Market: The labor market seems to have fully recovered balance, with the unemployment rate remaining at a historical low. 3. Economic Situation: GDP growth in the first half of the year seems to have slowed down, but the economy is still rising at a steady pace. 4. Interest Rate Policy: The risks are balanced, and both premature and excessively loose policies could undermine the progress made. 5. Market Expectations: The probability of a rate cut by the Federal Reserve in September is slightly higher than 70%, with two 25 basis point cuts expected within the year. 6. Other Content: Series of discussions have been held on the final proposal of Basel III protocol; many banks face commercial real estate risks. 7. Market Impact: Spot gold and silver have fluctuated and declined, US bond yields have risen, non-US currencies have generally fallen, and the yield curve has steepened, causing the US dollar to rise and risk assets to rise and then fall. (To be continued)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.