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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.
Short-Term Asian Bonds Preferable Under US Rate Uncertainty, Nomura Says
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.
IMF Slashes 2025 Growth Outlook for China, Japan, India
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.