Despite easing underlying price pressures, rising gasoline prices could push overall U.S. inflation higher in September, reinforcing expectations that the Federal Reserve will not raise interest rates this month. According to a Bloomberg survey of economists ahead of Wednesday’s release of data from the U.S. Bureau of Labor Statistics, the closely watched Consumer Price Index […]
According to data released by the U.S. Department of Labor on Thursday, initial applications for unemployment benefits in the week ending October 2 dropped by 2,000 to 197,000, down from a revised 197,000 the previous week (initially reported at 199,000). The latest figure was below the market’s widely expected level of 200,000. The four-week moving […]
According to the Federal Open Market Committee (FOMC) meeting minutes released on Wednesday in Washington, covering the September 15–16 meeting, all 19 Fed officials supported the decision to raise interest rates, with many citing concerns about the risk of rising inflation pressures. Another group of officials stated that raising rates was necessary based on their […]
The U.S. currency is experiencing its best month since June, following the Fed’s renewed focus on curbing inflation, which has boosted rate expectations and U.S. Treasury yields. Stronger-than-expected U.S. economic data and rising inflation risks have bolstered the dollar. Ongoing tensions in Iran have kept energy prices elevated, pushing U.S. Treasury yields to historic highs, […]
JPMorgan and Citigroup have long been competing for dominance in the global payments space, handling trillions of dollars in corporate cross-border transactions. Now, this rivalry is extending into new payment channels. As digital currencies increasingly integrate into mainstream financial systems, the two banks are building competing platforms, though taking slightly different development paths. Citigroup has […]
U.S. Treasury Secretary Scott Bessent said Federal Reserve policymakers should maintain an “open mind” on interest rates, arguing that productivity gains driven by artificial intelligence and deregulation will help bring U.S. inflation under control. Commenting on the economy, Bessent noted that the U.S. has thrived under President Trump’s leadership, partly due to tax cuts and […]
周三，美国国债市场跌势加剧，强劲的经济数据和疲软的债券拍卖导致大多数期限的收益率升至近二十年来的最高水平。 受中东局势紧张导致的经济数据和油价飙升的影响，交易员们加大了对美联储进一步收紧货币政策的押注。美国10年期国债收益率突破至5.11%，刷新了2007年以来最高水平。 稍后拍卖的5年期国债需求疲软，700亿规模的5年期国债拍卖收益率也飙升至5.03%。这是自2018年有记录以来第二差的五年期国债拍卖，仅次于2022年6月美联储首次大幅加息75个基点后的拍卖结果。 荷兰银行投资解决方案公司首席投资官克里斯托夫·布歇表示：“短期收益率曲线的压力开始累积。”他指出，周三公布的经济数据将使美联储能够“加倍”强化其鹰派立场。 周三公布的标普全球制造业PMI反弹到57，服务业PMI反弹到58.7。 法国兴业银行美国研究主管苏巴德拉·拉贾帕在谈到债券抛售时表示：“这是一场崩溃。抛售潮始于海外全球债券市场，但随着我们跌破关键水平，抛售势头开始失控。” 尽管国债利率失控，但美联储内部的鹰派委员还在继续强调升息预期。美联储理事迈克尔·巴尔周三表示，可能需要进一步加息才能使通胀率回到央行的目标水平。 波士顿联储主席苏珊·柯林斯表示支持此次加息决定，而圣路易斯联储主席阿尔贝托·穆萨莱姆则表示，可能需要进一步加息来抑制物价上涨。 上述言论引发了特朗普阵营官员不满。 国家经济委员会主任凯文·哈塞特在乔治城大学的一次活动上表示，在近期年化核心通胀率仅为2%的情况下，“他们为何还要加息？”他还指出，美联储主席凯文·沃什“正在管理一个党派色彩异常浓厚的美联储”。 哈塞特表示，虽然历史表明美联储主席和副主席通常会在任期届满时离任，但这一先例并没有得到遵守。
Driven by Muse’s outstanding user data performance, the Nasdaq 100 surged to a new all-time high. However, behind the tech sector’s euphoria, traditional industries have come under market scrutiny, as investors worry that Muse could disrupt their established business models. Stocks of major banks, insurers, and online travel agencies declined, as investors fear tools like […]
Kevin Zhao of UBS Asset Management said that further Japanese intervention to support the yen would present a good opportunity to sell. He questioned whether Friday’s central bank rate hike signaled a shift toward a more hawkish stance. Earlier this year, when Japanese authorities intervened in the yen exchange rate, the global sovereign currency fixed-income […]
The International Monetary Fund (IMF) says governments must take further steps to reduce budget deficits and control global debt, which is currently at historically high levels. IMF Managing Director Kristalina Georgieva said Sunday at the Qatar Economic Forum in New York: “We have consistently warned about the need for fiscal consolidation. We see a lot […]