Singapore air

Like
Comment
Favorite

BabyShark222
2021-07-29

Singapore air

The Federal Reserve is dovish again: How much longer can Powell hold out?

加息依然是一件遥远的事情。

The Federal Reserve is dovish again: How much longer can Powell hold out?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":801453829,"tweetId":"801453829","gmtCreate":1627529842261,"gmtModify":1703491784290,"author":{"id":3571552996196002,"idStr":"3571552996196002","authorId":3571552996196002,"authorIdStr":"3571552996196002","name":"BabyShark222","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":7,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>Singapore air</body></html>","htmlText":"<html><head></head><body>Singapore air</body></html>","text":"Singapore air","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/801453829","repostId":1132865544,"repostType":4,"repost":{"id":"1132865544","kind":"news","pubTimestamp":1627528498,"share":"https://ttm.financial/m/news/1132865544?lang=en_US&edition=fundamental","pubTime":"2021-07-29 11:14","market":"us","language":"zh","title":"The Federal Reserve is dovish again: How much longer can Powell hold out?","url":"https://stock-news.laohu8.com/highlight/detail?id=1132865544","media":"格隆汇","summary":"加息依然是一件遥远的事情。","content":"At 2:00 AM on July 29, the Federal Reserve once again issued a dovish statement.The Federal Reserve's decision to keep Federal Funds rate unchanged at zero to 0.25% is in line with market expectations. The Federal Reserve reiterated that it will maintain its $120 billion monthly asset purchase program and assess economic performance in real time until the U.S. economy makes real-time progress. Federal Reserve Chairman Jerome Powell emphasized that rate hike remains a distant dream.After the tone was set, the US financial markets reacted considerably:The S&P 500 once rose rapidly from a 0.23% decline to 0.31%, before its gains retreated. The same was true for the Nasdaq index, which rose significantly after the interest rate meeting before falling slightly at the close.<img src=\"https://static.tigerbbs.com/415e9f7af67436418b84d2153ff47374\" tg-width=\"554\" tg-height=\"317\" referrerpolicy=\"no-referrer\">the US Dollar Index reacted sharply, plunging from 92.7558 points to 92.2391, a drop of 0.56%, hitting a two-week low.<img src=\"https://static.tigerbbs.com/ce2674278b7cc513646374db864237b7\" tg-width=\"554\" tg-height=\"323\" referrerpolicy=\"no-referrer\">In gold, COMEX rose rapidly from $1,793 to $1,808, an increase of 0.83%.<img src=\"https://static.tigerbbs.com/7e246f73a677374c9fb27c2b560f1ebd\" tg-width=\"554\" tg-height=\"319\" referrerpolicy=\"no-referrer\">However, there were no significant changes in the US Treasury Bond market. As of the latest update, the yield on the 10-year U.S. Treasury Bond is 1.238%, remaining at the same level as in February of this year.<img src=\"https://static.tigerbbs.com/13bd988aa602cf0c3fff064a99638964\" tg-width=\"554\" tg-height=\"299\" referrerpolicy=\"no-referrer\">Judging from the overall feedback from the US financial markets, the outcome of this interest rate meeting was largely in line with market expectations, and there were no hawkish statements calling for a radical shift in currency policy.Following the Federal Reserve's announcement of its interest rate decision, Powell made several statements at the press conference:Regarding the Delta virus issue, Powell stated that in the event of the spread of the Delta strain, we can only remain observant. The outbreak last winter did have an impact on employment, and the Delta strain may affect the full recovery of the labor market, but this year the Delta strain may have a smaller impact on the economy. As long as the COVID-19 pandemic does not end, no one can guarantee safety, and it is necessary to ensure that vaccines are administered globally.Regarding inflation, Powell stated that the inflation rate has risen significantly and is expected to exceed 2% in the coming months, remaining high for the next few months before easing. Inflation is still expected to fall below the long-term target of 2%, which may be higher and more persistent than expected. Long-term inflation expectations remain within the Federal Reserve's target, and the Fed is prepared to adjust its policy if the inflation path significantly and continuously exceeds the target.Powell stated that the Federal Reserve has assessed the considerations behind adjusting its bond purchases, but it is still some distance from making substantial progress. The Fed will assess economic progress at its next few meetings, so it is still some distance from considering rate hike.The Federal Reserve has not yet made any decision on the timing of tapering quantitative easing. For the first time, the meeting held in-depth discussions on the timing, pace, and composition of reducing the scale of bond purchases, but no decisions were made. The Federal Open Market Committee (FOMC) has many different views on when tapering is appropriate, but almost no one supports reducing purchases of mortgage-backed securities (MBS) first, and then reducing purchases of U.S. Treasury bonds, which would simultaneously reduce purchases of MBS and Treasury Bond. FOMC members also have many different views on reducing the timing of bond purchases. July was a good policy meeting, but the timing of tapering QE has not yet been decided.Although the Federal Reserve continues to stubbornly support monetary easing and maintains the statement that \"inflation is only temporary,\" it still faces considerable risks of a sharp monetary turn under real pressure.In June of this year, the U.S. CPI climbed to 5.4%, compared to the expected 4.9% increase and the previous 5%, marking the largest year-on-year increase since 2008. The U.S. core CPI rose 4.5% year-on-year in June, compared to the expected 4.0% increase and the previous value of 3.8%, a 30-year high.<img src=\"https://static.tigerbbs.com/b247f2b5a95c6d780dfad44c8cf041d2\" tg-width=\"554\" tg-height=\"257\" referrerpolicy=\"no-referrer\">In addition, the spread of the Delta virus has cast a shadow over the global economy. As of July 28, there were more than 195 million confirmed cases of COVID-19 worldwide, with more than 4.18 million deaths.In the past week, eight more countries and regions have discovered the Delta variant of the novel coronavirus, which has spread to 132 countries and regions.Global COVID-19 cases increased by 8% last week, exceeding 3.8 million. The latest data shows that cases in the Americas and the Western Pacific have risen sharply, with increases of 30% and 25% respectively. This has led to a significant increase in the overall COVID-19 death toll, rising 21% compared to last week, reaching more than 69,000.Over the past seven days, the United States has reported the highest number of new cases, with more than 500,000 new infections, an increase of 131%. U.S. infectious disease expert Fauci said on July 26 that, given that half of the U.S. population has not yet been vaccinated, data modeling predicts that the U.S. faces a worst-case scenario of 4,000 deaths per day, which is expected to be the same as the peak of last winter. American media predict that the COVID-19 pandemic in the United States will peak again around October.The resurgence of the pandemic in the United States will have a certain impact on the relatively good momentum of economic recovery. On the one hand, inflation continues to rise, and on the other hand, the foundation for economic recovery is very fragile, and it is also facing the impact of the pandemic again, which has led to the economy facing the risk of a \"stagflation\". This is the most difficult economic situation for central banks.Of course, the resurgence of the pandemic in the United States will give the Federal Reserve more excuses to continue its QE policy. But the essence behind it is to stabilize the financial market, which is at an absolute historical high, and to protect the interests of Wall Street. But the biggest pressure behind this mysterious operation stems from the specter of inflation that has escaped Pandora's box. Inflation, which is already out of control, will not disappear for no reason. Without monetary contraction, it would be self-deceptive to expect inflation to naturally peak and fall sharply.","source":"gelonghui_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Federal Reserve is dovish again: How much longer can Powell hold out?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Federal Reserve is dovish again: How much longer can Powell hold out?\n</h2>\n<h4 class=\"meta\">\n\n格隆汇2021-07-29 11:14\n\n</h4>\n</header>\n<article>\nAt 2:00 AM on July 29, the Federal Reserve once again issued a dovish statement.The Federal Reserve's decision to keep Federal Funds rate unchanged at zero to 0.25% is in line with market expectations. The Federal Reserve reiterated that it will maintain its $120 billion monthly asset purchase program and assess economic performance in real time until the U.S. economy makes real-time progress. Federal Reserve Chairman Jerome Powell emphasized that rate hike remains a distant dream.After the tone was set, the US financial markets reacted considerably:The S&P 500 once rose rapidly from a 0.23% decline to 0.31%, before its gains retreated. The same was true for the Nasdaq index, which rose significantly after the interest rate meeting before falling slightly at the close.<img src=\"https://static.tigerbbs.com/415e9f7af67436418b84d2153ff47374\" tg-width=\"554\" tg-height=\"317\" referrerpolicy=\"no-referrer\">the US Dollar Index reacted sharply, plunging from 92.7558 points to 92.2391, a drop of 0.56%, hitting a two-week low.<img src=\"https://static.tigerbbs.com/ce2674278b7cc513646374db864237b7\" tg-width=\"554\" tg-height=\"323\" referrerpolicy=\"no-referrer\">In gold, COMEX rose rapidly from $1,793 to $1,808, an increase of 0.83%.<img src=\"https://static.tigerbbs.com/7e246f73a677374c9fb27c2b560f1ebd\" tg-width=\"554\" tg-height=\"319\" referrerpolicy=\"no-referrer\">However, there were no significant changes in the US Treasury Bond market. As of the latest update, the yield on the 10-year U.S. Treasury Bond is 1.238%, remaining at the same level as in February of this year.<img src=\"https://static.tigerbbs.com/13bd988aa602cf0c3fff064a99638964\" tg-width=\"554\" tg-height=\"299\" referrerpolicy=\"no-referrer\">Judging from the overall feedback from the US financial markets, the outcome of this interest rate meeting was largely in line with market expectations, and there were no hawkish statements calling for a radical shift in currency policy.Following the Federal Reserve's announcement of its interest rate decision, Powell made several statements at the press conference:Regarding the Delta virus issue, Powell stated that in the event of the spread of the Delta strain, we can only remain observant. The outbreak last winter did have an impact on employment, and the Delta strain may affect the full recovery of the labor market, but this year the Delta strain may have a smaller impact on the economy. As long as the COVID-19 pandemic does not end, no one can guarantee safety, and it is necessary to ensure that vaccines are administered globally.Regarding inflation, Powell stated that the inflation rate has risen significantly and is expected to exceed 2% in the coming months, remaining high for the next few months before easing. Inflation is still expected to fall below the long-term target of 2%, which may be higher and more persistent than expected. Long-term inflation expectations remain within the Federal Reserve's target, and the Fed is prepared to adjust its policy if the inflation path significantly and continuously exceeds the target.Powell stated that the Federal Reserve has assessed the considerations behind adjusting its bond purchases, but it is still some distance from making substantial progress. The Fed will assess economic progress at its next few meetings, so it is still some distance from considering rate hike.The Federal Reserve has not yet made any decision on the timing of tapering quantitative easing. For the first time, the meeting held in-depth discussions on the timing, pace, and composition of reducing the scale of bond purchases, but no decisions were made. The Federal Open Market Committee (FOMC) has many different views on when tapering is appropriate, but almost no one supports reducing purchases of mortgage-backed securities (MBS) first, and then reducing purchases of U.S. Treasury bonds, which would simultaneously reduce purchases of MBS and Treasury Bond. FOMC members also have many different views on reducing the timing of bond purchases. July was a good policy meeting, but the timing of tapering QE has not yet been decided.Although the Federal Reserve continues to stubbornly support monetary easing and maintains the statement that \"inflation is only temporary,\" it still faces considerable risks of a sharp monetary turn under real pressure.In June of this year, the U.S. CPI climbed to 5.4%, compared to the expected 4.9% increase and the previous 5%, marking the largest year-on-year increase since 2008. The U.S. core CPI rose 4.5% year-on-year in June, compared to the expected 4.0% increase and the previous value of 3.8%, a 30-year high.<img src=\"https://static.tigerbbs.com/b247f2b5a95c6d780dfad44c8cf041d2\" tg-width=\"554\" tg-height=\"257\" referrerpolicy=\"no-referrer\">In addition, the spread of the Delta virus has cast a shadow over the global economy. As of July 28, there were more than 195 million confirmed cases of COVID-19 worldwide, with more than 4.18 million deaths.In the past week, eight more countries and regions have discovered the Delta variant of the novel coronavirus, which has spread to 132 countries and regions.Global COVID-19 cases increased by 8% last week, exceeding 3.8 million. The latest data shows that cases in the Americas and the Western Pacific have risen sharply, with increases of 30% and 25% respectively. This has led to a significant increase in the overall COVID-19 death toll, rising 21% compared to last week, reaching more than 69,000.Over the past seven days, the United States has reported the highest number of new cases, with more than 500,000 new infections, an increase of 131%. U.S. infectious disease expert Fauci said on July 26 that, given that half of the U.S. population has not yet been vaccinated, data modeling predicts that the U.S. faces a worst-case scenario of 4,000 deaths per day, which is expected to be the same as the peak of last winter. American media predict that the COVID-19 pandemic in the United States will peak again around October.The resurgence of the pandemic in the United States will have a certain impact on the relatively good momentum of economic recovery. On the one hand, inflation continues to rise, and on the other hand, the foundation for economic recovery is very fragile, and it is also facing the impact of the pandemic again, which has led to the economy facing the risk of a \"stagflation\". This is the most difficult economic situation for central banks.Of course, the resurgence of the pandemic in the United States will give the Federal Reserve more excuses to continue its QE policy. But the essence behind it is to stabilize the financial market, which is at an absolute historical high, and to protect the interests of Wall Street. But the biggest pressure behind this mysterious operation stems from the specter of inflation that has escaped Pandora's box. Inflation, which is already out of control, will not disappear for no reason. Without monetary contraction, it would be self-deceptive to expect inflation to naturally peak and fall sharply.\n<div class=\"bt-text\">\n\n\n source：<a href=\"https://www.gelonghui.com/p/478013\">格隆汇</a>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0f9e9a265cb0e7e8cb195039b2fe24a4","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.gelonghui.com/p/478013","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"1132865544","content_text":"7月29日凌晨2点，美联储再度放出鸽声表态。\n美联储决定将联邦基金利率维持在零至0.25%不变，符合市场预期。美联储重申将保持每月1200亿美元的资产购买计划不变，并实时评估经济表现，直至美国经济取得实时性进展。美联储主席鲍威尔强调，加息依然是一件遥远的事情。\n定调之后，美国金融市场对此反馈不小：\n标普500一度从下跌0.23%快速上拉至0.31%，后涨幅回落。纳斯达克指数同样如此，在利率会议之后有较大幅度的拉升，尾盘稍有回落。\n\n美元指数反应非常剧烈，从92.7558点快速跳水至92.2391，跳水幅度高达0.56%，创下两周新低。\n\n黄金方面，COMEX从1793美元快速拉升至1808美元，拉升幅度0.83%。\n\n不过，美国国债市场异动不明显。截止最新，10年期美国国债收益率为1.238%，继续维持与今年2月一个水平。\n\n从美国金融市场整体反馈来看，本次议息结果基本符合市场预期，没有出现要激进转弯货币的鹰派表态。\n在美联储公布利率决议后，鲍威尔在发布会上有诸多表态：\n对于德尔塔病毒问题，鲍威尔称，在德尔塔毒株传播的情况下，只能保持观察。去年冬天的疫情确实对就业产生了影响，德尔塔毒株可能会影响劳动力市场完全恢复，但今年德尔塔毒株对经济的影响可能会小一些。只要新冠肺炎疫情不结束，没有人能保证安全，有必要确保疫苗在全球范围内接种。\n对于通胀问题，鲍威尔表示，通货膨胀率显著上升，预计未来几个月的通胀率将超过2%，并将在未来几个月保持高位，然后再缓和。通胀仍有望降至2%的长期目标，可能会比预期的更高、更持久。而长期通胀预期仍在美联储的目标之内，如果通胀路径大幅且持续超出目标，美联储准备调整政策。\n鲍威尔称，美联储评估了调整购债的考虑因素，但离取得实质性进展还有一段距离，美联储将在接下来几次会议上评估经济进展，因此离考虑加息还有一段距离。\n鲍威尔表示，美联储还没有就缩减量化宽松的时机做出任何决定。此次会议首次就缩减购债规模的时间、速度和组成进行了深入讨论，但没有做出任何决定。关于何时缩债是合适的，美国联邦公开市场委员会（FOMC）有很多不同的观点，不过几乎没有人支持先减少购买抵押支持债券（MBS），再缩减对美债的购买力度，将会同时缩减MBS和国债购买。FOMC成员们在缩减购债的时间方面也有很多不同的看法。7月份是一次不错的政策会议，但尚未决定减码QE的时间。\n虽然美联储依旧硬扛货币宽松，依旧延续“通胀只是暂时的”说法，但现实的压力之下，接下来仍然面临不小的货币急转弯的风险。\n今年6月，美国CPI攀升至5.4%，预期增长4.9%，前值5%，是自2008年以来的最大同比增幅。美国6月核心CPI同比增长4.5%，预期增长4.0%，前值3.8%，创30年新高。\n\n此外，德尔塔病毒的肆掠给全球经济蒙上了阴霾。截至7月28日，全球新冠确诊病例超过1.95亿例，死亡人数超过418万人。\n过去一周，又有8个国家和地区发现德尔塔新冠变种病毒，该变种病毒已传播至132个国家和地区。\n上周全球新冠感染病例增加了8%，超过380万病例。最新数据显示，美洲和西太平洋地区病例大幅上涨，增幅分别为30%和25%。这导致新冠死亡人数整体大幅上升，与上周相比上升了21%，达到6.9万多人。\n在过去7天里，美国报告的新病例数量最高，新增感染超过50万例，增幅高达131%。美国传染病专家福奇7月26日表示，鉴于美国半数人口仍未完成接种，根据数据建模预测，美国面临最坏情况是每天死亡人数达到4000人，预去年冬季的高峰期持平。而美国的媒体预测10月左右美国的新冠疫情将再度进入高峰期。\n美国方面的疫情卷土重来，会对较好的经济复苏势头造成一定冲击。一方面通胀持续攀升，另一方面经济恢复的基础非常脆弱，还再度面临疫情的冲击，以致于经济接下来面临“滞涨”风险。这是令央行们最为棘手的经济状态。\n当然，美国疫情的再度恶化会给美联储更多的托词，来延续QE政策。但背后实质是维稳处于历史绝对高位的金融市场，维护华尔街利益。但这种迷之操作背后，最大的压力源于已经逃出潘多拉魔盒的通胀幽灵。已经处于“失控”状态的通胀，不会平白无故消失。没有货币层面的收缩，期盼着通胀自然筑顶大幅回落恐怕有些自欺欺人。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":4933,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":12,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}