Is the US stock market too happy too early? Federal Reserve Voting Committee Kashkari: Do not believe that the interest rate hike cycle has ended
白云追月素
发表于 2023-11-7 10:57:34
212
0
0
Neil Kashkari, a hawkish representative within the Federal Reserve and President of the Minneapolis Federal Reserve, recently stated that he would rather excessively tighten monetary policy than do enough to take measures to lower inflation to the central bank's target of 2%.
This means that Kashkari believes that the current interest rate hike cycle is not yet over and tends to further increase interest rates in the future.
Kashkari stated in a media interview on Monday that "insufficient tightening will not allow inflation to return to 2% in a reasonable time.
Kashkari stated that the US economy has proven to be resilient. But he is worried that inflation will 'rise again'. He said that some price and wage data suggest that inflation may "stabilize above 2%, which is very worrying for me".
However, Kashkari also stated that he needs more information to make a firm judgment on the next interest rate measures.
At present, in addition to potential inflation increases, the US economy is also facing threats such as geopolitical turmoil and the possibility of the US government shutting down. In addition, the yield of long-term treasury bond rose, and borrowing became more expensive for consumers and enterprises.
It is worth noting that Kashkari has FOMC voting rights this year.
On the same day as Kashkari's aforementioned speech, former US Treasury Secretary Lawrence Summers also warned that financial markets began to believe that the Federal Reserve had won the war against inflation, and investors should remain vigilant against this heightened sentiment.
Last week, all three major US stock indices recorded five consecutive positive days, with the S&P up 5.85% and the Nasdaq up 6.61%, both achieving their largest weekly gains since mid November last year; The Dow rose 5.07%, marking its best weekly performance since late October last year.
The Federal Reserve held interest rates unchanged at last week's policy meeting, and some market participants believe that the remarks of Federal Reserve Chairman Jerome Powell may indicate that as inflation rates sharply decline from the summer of 2022, and the job market appears to be cooling, unemployment rates may slightly rise, the Federal Reserve may stop raising interest rates.
The data released by the US Bureau of Labor Statistics last Friday showed that the slowdown in non farm employment growth in the United States in October exceeded expectations, and the unemployment rate rose to a new high in nearly two years, which has slowed down compared to the hot recruitment pace this summer. This report indicates that the US labor market is slowly losing momentum, reducing the pressure on the Federal Reserve to raise interest rates.
Specifically, the total number of non farm employment in October increased by 150000, lower than the expected 180000 and far below the average monthly increase of 258000 in the past 12 months. In addition, the number of new non agricultural employment in August decreased from 227000 to 165000. The number of new non agricultural employment in September decreased from 336000 to 297000. The unemployment rate climbed to 3.9% in October, the highest level since January 2022, with a market expectation of 3.8%.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Federal Reserve officials speak out intensively, with the focus of debate shifting towards a more relaxed pace
- Federal Reserve officials speak out intensively, sending a heavy signal! Hedge funds flood into the largest tech stocks
- Popular Chinese concept stocks collectively surged before the US stock market opened; Starbucks fell more than 2%; Boeing proposes a 30% salary increase as a concession; Hedge funds aggressively buy tech stocks after Federal Reserve cuts interest ra
- IMF Managing Director: US inflation is in good condition, Fed did the right thing
- Suddenly! The Federal Reserve makes a heavyweight announcement! Powell's latest speech! Yellen criticizes Trump
- The expectation of a significant interest rate cut in August, as PCE inflation in the United States approaches the Federal Reserve's target level, has once again risen
- How many basis points will the Federal Reserve cut interest rates in November? Next week is crucial
- The Federal Reserve cuts interest rates to help! US Treasury bonds are expected to set a record for the longest consecutive monthly increase in 14 years
- The Chairman of the Federal Reserve speaks out loudly! This year, there may be two more interest rate cuts
- Powell: The Federal Reserve will gradually push for interest rate cuts, but there is no predetermined path for monetary policy
-
9月が終わり、映画・テレビ業界が暗躍している。最近、愛奇芸の創始者でCEOのGONG宇氏は、映画・テレビ業界が長短の変化、AIの変化、中国映画・テレビドラマの海外進出の変化の3つの変化を経験していると発表した。 ...
- 寒郁轩良
- 昨天 14:17
- 支持
- 反对
- 回复
- 收藏
-
8月のトヨタ自動車(ダイハツ自動車と日野自動車を除く、レクサスを含む)の世界生産台数は前年同月比11.2%減の709571台、世界販売台数は前年同月比3.1%減の826863台だった。 日本本土市場では、トヨタ自動車の8月 ...
- SOGO
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
ネットワーク状況監視サイトDownDetectorによると、オーディオストリーミングプラットフォームSpotifyは日曜日に約3時間にわたる障害を経験した後、正常に回復し、ピーク時には米国の4万人以上のユーザーに影響を与 ...
- hecgdge4
- 昨天 09:33
- 支持
- 反对
- 回复
- 收藏
-
百済神州(688235.SH)はA株の有名な革新薬企業で、2017-2024年上半期、同社の各期の研究開発投資はA株の化学製薬会社(申万二級)の中で最も高く、研究開発費用は合計600億元を超えた。 しかし、百済神州にとって ...
- wylz8473
- 前天 18:36
- 支持
- 反对
- 回复
- 收藏