Fed Factions Are Split On Rate Cut Need -- Market Talk
Goldman Sachs (GS.US) Chairman Su Dewei: Tariffs may have a huge potential impact on the profitability of enterprises.
Su Dewei stated that discussions regarding tariffs may have an impact on business sentiment and could bring significant potential effects on corporate profits and losses.
Trump Questioning Fed Policy Isn't Helpful for Treasurys -- Market Talk
The USD has slightly increased, benefiting from the de-escalation of trade frictions and alleviated concerns about the independence of the Federal Reserve.
The US dollar showed a mild upward trend at the beginning of this week, supported by market expectations of easing global trade tensions and reduced risks to the independence of the Federal Reserve. Last week, President Trump announced progress in trade negotiations with Japan and clearly stated there was no intention to dismiss Federal Reserve Chairman Powell.
Substantial Foreign Sales in US Treasurys Not Evident; Gradual Adjustments Likely -- Market Talk
Economic officials of "Trump 1.0" state that the impact of tariffs will become apparent nationwide by the end of next month, with the poorest suffering the most.
The former director of the White House National Economic Council stated that the "soft data" reflecting future expectations is weakening; before commodity prices rise due to tariffs, those with lower income levels or economic strength will use 100% of their salaries to purchase commodities, while the wealthy will save a higher proportion of their income, with the former being more severely impacted.
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