S&P 500's Rapid Exit From Correction Territory Hinged on Trump's Walk-backs of Tariffs and Fed Fight
Federal Reserve officials warn that Trump's tariffs may trigger a wave of layoffs.
①President Kashkari of the Minneapolis Federal Reserve Bank expressed concern about the potential economic impact of uncertainty in the USA's long-term trade policy, believing it could lead to large-scale layoffs; ②Kashkari warned that although the number of layoffs has not yet increased, businesses are beginning to plan for potential layoffs that may occur due to the ongoing uncertainty.
How Bond Vigilantes Made Trump Blink
Regarding interest rate cuts! Several Federal Reserve officials have spoken out, with possible action as early as June.
① On Thursday local time, Cleveland Fed President Loretta Mester ruled out the possibility of a Federal Reserve rate cut in May but hinted at a possible cut in June; ② On the same day, several Federal Reserve officials publicly discussed the matter of rate cuts. Federal Reserve Governor Christopher Waller also stated that he would support a Federal Reserve rate cut if there is a significant rise in the unemployment rate.
Daily Roundup of Key US Economic Data for April 24
S&P/TSX Composite up More Than 100 Points, U.S. Stocks Also Rise
Fed's Waller Says Policymakers Can 'Look Through' One-Time Price Increases
China Calls on Trump to Drop Tariffs; Says Talks Are 'Fake News'
US Companies Stock Up Ahead of Tariffs, Boosting Durable-Goods Orders
U.S. Durable Goods Orders Jump Ahead of Tariff Blitz
Express News | Fed's Hammack: Fed Could Move in June if Data Is Clear About Economy's State
Express News | U.S. Durable Goods Orders (MoM) For March 9.2% Vs 2% Est.; 0.9% Prior
US Morning News Call | U.S. Considers Cutting China Tariffs to 50-65%
Express News | NASDAQ 100 Index and S&P 500 futures turn positive in pre-market trading, while NVIDIA rebounds and Tesla narrows losses after earlier dropping over 2%.
The Forex market is experiencing a "counteroffensive moment" of the dollar, while the bears are still holding onto Put positions.
The recent rise of the dollar has put pressure on the markets betting on a weaker dollar, catching some market participants off guard.
Jefferies Financial: The "shine" of the US stock market is over, and it may continue to decline in the future.
Christopher Wood, the Head of Global Equity Strategy at Jefferies Financial, stated that the U.S. stock market has long passed its "golden period," and investors should be prepared for further declines in U.S. stocks, U.S. bonds, and the dollar.
Flipping out faster than flipping a book? Trump once again blasts Powell: Not lowering interest rates is a mistake!
① The President of the USA, Trump, criticized Federal Reserve Chairman Powell again on Wednesday, accusing him of keeping interest rates too high and expressing that he might give him a call. ② Trump has recently criticized Powell multiple times and has not ruled out the possibility of firing Powell, but reportedly the Secretary of the Treasury and the Secretary of Commerce advised him against it.
Goldman Sachs: The risk of a recession in the U.S. is underestimated, focusing on China's Internet, Brokerage, and others.
Goldman Sachs predicts that the Global shipments of Smart Phones will remain flat in 2025 (1.24 billion units).
Harmack stated: The Federal Reserve should continue to reduce its balance sheet, and the MMF policy needs to remain stable.
Harmack stated on Wednesday that the current situation still supports the Federal Reserve's continued reduction of its balance sheet. In the face of significant uncertainty, now is not the time to change MMF policy.
Bond giant PIMCO is "shorting": underweighting the dollar!
Investors are increasingly turning to "home country Assets."