Monthly Archives: August 2023
Hawkish FOMC Meeting Minutes Boost Dollar
Written on August 17, 2023 at 6:12 am, by 王建军
The Federal Open Market Committee (FOMC) meeting revealed that inflation may remain elevated. The dollar stands fortified after the release. The Chinese stock markets, including the Hang Seng index, are grappling with downward pressure due to investor pessimism surrounding the Chinese economy. Adding to these concerns, the release of the Federal Open Market Committee (FOMC)Continue Reading
U.S. Retail Sales Rise Echo Hawkish Fed Outlook
Written on August 16, 2023 at 5:54 am, by 王建军
Following the release of increased US Retail Sales data, the U.S. equity market experienced a decline as investors leaned towards a hawkish Fed policy stance. Last night, the spotlight was on U.S. retail sales data, which surpassed market expectations by coming in at 0.7%, an improvement from the previous figure of 0.3%. The increase inContinue Reading
China Unexpected Rate Cut To Boost Economy
Written on August 15, 2023 at 6:23 am, by 王建军
The surprise interest rate cut by the People’s Bank of China has sparked apprehensions within the market. China has taken an unexpected decision to reduce its interest rate as a measure to invigorate its persistently subdued economy. The action, carried out by the People’s Bank of China, has sparked apprehensions within the market regarding theContinue Reading
