On the early morning of the 21st Beijing time, Trump was sworn in as the 47th President of the United States and signed a series of executive orders, including: Announced that the United States will withdraw from the Paris Agreement on climate change. Announced the withdrawal of the United States from the World Health Organization. Delay the implementation date of the TikTok ban by 75 days.
UBS said it was closely monitoring data on retail sales and industrial production ahead of the Fed's interest rate decision, and that weakness could affect the Fed's decision to cut the federal funds rate by 50 basis points instead of 25 basis points. The bank said US inflation had slowed to the point where it could cut rates. It outlined its "base case" of a 100 basis point cut for the rest of the year and 2025...