Think tank: Trump's tariffs have a greater impact on low-income people in the USA.
According to an analysis by the USA think tank Tax Policy Center, the tariff policy promoted by President Trump will effectively impose a tax-like burden on low-income families, which is more than three times greater than that on high-income families.
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.
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.
Wall Street Rallies As Big Tech Powers Gains, Tariff Optimism Lifts Sentiment
U.S. stocks closed: The Federal Reserve wields the flag of interest rate cuts, and the S&P has risen for three consecutive days, approaching a key resistance level.
1. Federal Reserve officials discuss the outlook for a June interest rate cut, with the Nasdaq rising over 2% for three consecutive days; 2. Analyst: Pay attention to the key resistance level of 5,500 points for the S&P; 3. Switch 2 causes a global frenzy, impacting records in the Consumer Electronics market; 4. Apple's AI head loses power again, as a mysterious Siasun Robot&Automation team shifts under the Hardware supervisor.
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%.
Trump is playing with fire every day! Wall Street is ready: the stock market will go crazy every day.
① Many people are betting that, considering the current sensitivity of all Wall Street investors to any news related to tariff progress, significant fluctuations in the stock market will continue for some time; ② This means that even if the market rises, it could be just as unsettling as a decline.
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.
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.
Wall Street Extends Gains, But Futures Trade Mixed
The Federal Reserve's Beige Book experiences a "tariff anxiety" explosion as US companies collectively cry out for price increases.
In the report on the economic situation of the USA in April, the term "tariff" was mentioned a total of 107 times, more than double the highest record during Trump's term; ② The uncertainty of trade policy has led American consumers to stockpile amidst chaos, causing widespread price increases and a significant deterioration in the economic outlook; ③ Most American companies report that they plan to pass on the additional costs brought by Trump's tariffs to the consumers.
US Morning News Call | Trump Says Tariff on China Will Be Reduced
Is Intel's ambition for the 18A process facing setbacks? The flagship 2-nanometer chip is reportedly going to be outsourced to Taiwan Semiconductor for production.
① Intel is reported to have commissioned Taiwan Semiconductor to produce its flagship next-generation Nova Lake CPU using the 2-nanometer process, raising questions in the industry about its 18A technology; ② Some have revealed that Intel may adopt a dual-source Global Strategy, using both Taiwan Semiconductor's 2-nanometer technology and its own 18A process; ③ Intel has long been viewed as a core part of the USA chip dream, and its latest developments may undermine confidence in the White House.
The US stock market is so crazy that Wall Street is hesitant, while retail investors are betting their entire fortunes.
The Bank of America report shows that Institutional clients and hedge funds continue the trend of selling, while retail investors have net bought for 19 consecutive weeks, setting the longest buying record since 2008. Some amateur traders say they have been waiting for this moment to buy Stocks at what they believe to be a significant discount.
Stocking up on Chinese goods in Canada? USA merchants take a chance: Trump's tariffs on China will eventually be lowered.
According to reports, the "delay tactic" of stockpiling in Canada — using duty-free warehouses, tax exemptions, and rebate policies — will still lead to an increase of about $500 to $600 in costs per container for sellers; however, these sellers are betting that the White House will eventually reduce the high tariffs on China commodities.
How significant is the market risk if the Federal Reserve loses its independence?
JPMorgan pointed out that if the independence of the Federal Reserve is weakened, it will increase inflation risks, and the current inflation is already affected by tariffs and other factors. If further political interference occurs, the market will demand higher compensation for inflation risk, leading to rising long-term interest rates, suppressing the economy and worsening the financial situation in the USA.