Although the US PPI rose less than expected in December, inflation anxiety still hung over the market, and the 30-year US Treasury yield hit a new recent high above 5% on Tuesday. The 30-year yield broke through 5% for the second time since Friday, and the 10-year yield rose to 4.81%, both hitting their highest levels since November 2023. US bond yields have continued to rise in recent weeks, as the market fears that stubborn inflation may prompt the Federal Reserve to stop cutting interest rate...
The US GDP in the third quarter was lower than expected, and the "small non-farmers" unexpectedly exploded! Gold continued to brush a record high; various sources indicated that the ceasefire between Israel and Lebanon was imminent, and OPEC + may continue to postpone production increases... What major events happened in the world yesterday and this morning?
Fed Governor Waller said the Fed could cut interest rates earlier if inflation falls below 2 percent, which is an unlikely scenario, or if the labor market deteriorates. The Fed could pause rate cuts if inflation rises unexpectedly. And said the latest inflation data is "disappointing" and the economy is on solid footing and may not slow as expected; GDP growth is expected to be faster in the second half of 2024. Looking ahead, job growth is expected to slow and the unemployment rate will gradua...
One producer pointed out that if the price is lower than X yuan/ton, they would rather not sell, even if there is an inquiry.
The growth rate of small non-agricultural farmers was lower than expected. After the opening of the US stock market, the Dow index rose 0.13%, the S & P 500 index rose 1.34%, the Nasdaq index rose 2.04%, Coinbase rose 3.61%, and MicroStrategy rose 3.98%.