[Morgan Stanley Predicts Fed Rate Cuts May Weaken the Dollar] Morgan Stanley strategists stated that the Federal Reserve's rate cuts are expected to exceed those of the European Central Bank, which could lead to a weaker dollar over the next year. Factors such as the weakening of U.S. growth advantages, the lagging effects of tightening policies, declining net immigration inflows, relatively moderate fiscal support, and short-term drag from tariff policies may exacerbate pressure on the dollar. Additionally, uncertainties surrounding U.S. policies, including trade issues and the Federal Reserve's independence, may continue to impact the dollar's performance. Meanwhile, concerns about fiscal sustainability outside the U.S. are expected to ease.
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More >美联储再度降息 25 个基点 英伟达总市值突破 5 万亿美元
[The Federal Reserve Cuts Interest Rates by 25 Basis Points Again, NVIDIA's Market Cap Surpasses $5 Trillion] The Federal Reserve has lowered the benchmark interest rate by 25 basis points for the second consecutive time and announced that quantitative tightening (QT) will end starting in December. Federal Reserve Chairman Jerome Powell stated that further rate cuts may be paused in December. As a result, the three major U.S. stock indices showed mixed performance: the Nasdaq Index rose 0.55%, the S&P 500 Index closed flat, and the Dow Jones Industrial Average fell 0.16%. In the tech sector, NVIDIA's stock price rose approximately 3%, with its market capitalization surpassing the $5 trillion milestone for the first time. Apple's stock price saw a slight increase, with its market capitalization closing above $4 trillion for the first time.
分析师称鲍威尔言论短暂冲击股市
[Analyst Says Powell's Remarks Briefly Impacted the Stock Market] Michael Rosen, Chief Investment Officer at Angeles Investments, stated that the rate cut was in line with market expectations, but Powell's remarks dampened the market's optimism for another rate cut in December. Powell's comments indicate divisions within the Federal Reserve regarding further rate cuts, especially in the context of high inflation. Investors should anticipate that inflation may remain elevated for an extended period, limiting the room for monetary easing. As a result, the stock market briefly pulled back, but corporate earnings remain strong, and investment portfolios are still fully allocated.
万事达卡拟以近20亿美元收购ZeroHash
[Mastercard Plans to Acquire ZeroHash for Nearly $2 Billion] Mastercard plans to acquire cryptocurrency startup ZeroHash for nearly $2 billion, further expanding its presence in the crypto sector.
美联储主席鲍威尔称正密切关注信贷状况
[Federal Reserve Chairman Powell Says Closely Monitoring Credit Conditions] Federal Reserve Chairman Powell stated that the Fed is paying very close attention to credit conditions. The currently observed rise in default rates does not indicate broader credit issues.
鲍威尔称经济各领域未现明显恶化
[Powell Says No Significant Deterioration in Economic Sectors] Federal Reserve Chairman Powell stated that no significant deterioration has been observed across economic sectors, and the overall economic situation is good. He believes the actions taken by the Federal Reserve so far this year have been appropriate.