News and Information

  Bond traders around the world are finally waking up to the possibility that the lowest yields in recent history may be gone forever. The astonishing resilience of the US economy, ballooning debt and deficits and growing fears that the Federal Reserve will keep interest rates high are pushing the yield on the longest-dated US Treasury back to its highest level in more than a decade. This is prompting a rethink of what a "normal" Treasury market would look like. Strategists at Bank of America warned...

  In the early morning of Friday, Beijing time, cryptocurrencies fell sharply. Bitcoin fell by $1,400 in the short term, as low as $25,275/piece, and the intraday decline once expanded to 7%; Ethereum fell by nearly $200 in the short term, and the intraday decline once expanded to 10%, as low as $1,538/piece. Nearly one hour, the whole network's liquidation volume soared to $650 million. This is the first time that the price of Bitcoin has fallen below $26,000 in two months. Futuo Investment pointed out that as global government bonds closed...

  Federal Reserve Chairperson Jerome Powell will deliver a speech on the economic outlook at the annual central bankers' meeting in Jackson Hole, Wyoming, on Aug. 25, scheduled to begin at 10:05 a.m. ET (10:05 p.m. Beijing time), according to the Fed's schedule. The Jackson Hole Global Central Bank Annual Meeting, which often serves as a window for the Fed to hint at important junctures in monetary policy, will give Powell an opportunity to give an update on the question of whether...

  Randall Kroszner, a former Fed governor who is now an economics professor at the University of Chicago, argued against ruling out further Fed rate rises so quickly. He believes the federal funds rate will remain high next year. "If the job market is as strong as it is now, I don't see how officials can feel comfortable saying, 'OK, we're not going to raise rates again'," he said on Wednesday. The former Fed governor's comments came after the central bank's public...

  Randall Kroszner, a former Fed governor who is now an economics professor at the University of Chicago, argued against ruling out further Fed rate rises so quickly. He believes the federal funds rate will remain high next year. "If the job market is as strong as it is now, I don't see how officials can feel comfortable saying, 'OK, we're not going to raise rates again'," he said on Wednesday. The former Fed governor's comments came after the central bank's public...

  Federal Reserve meeting notes show that two Fed officials are leaning towards keeping interest rates steady in July. Most participants still see significant upside risks to inflation, which may require further tightening of monetary policy. The Fed's hawkish minutes pushed up real interest rates. The monthly rate of U.S. industrial output rose for the first time in three months in July, recording 1%. It was the largest increase since the beginning of the year. It was expected to be 0.3%. The previous value was -0.5%. Atlanta Fed Model GDPNow Model 1...

  Federal Reserve meeting notes show that two Fed officials are leaning towards keeping interest rates steady in July. Most participants still see significant upside risks to inflation, which may require further tightening of monetary policy. The Fed's hawkish minutes pushed up real interest rates. The monthly rate of U.S. industrial output rose for the first time in three months in July, recording 1%. It was the largest increase since the beginning of the year. It was expected to be 0.3%. The previous value was -0.5%. Atlanta Fed Model GDPNow Model 1...

  At the July FOMC (FOMC) policy meeting, Federal Reserve officials remained largely concerned that inflation would not subside and further interest rate hikes would be needed. At the same time, cracks in this consensus are becoming more and more obvious. Minutes of the Fed's July 25-26 policy meeting, released in the early hours of Thursday, showed that most participants continued to see significant upside risks to inflation, which may require further monetary tightening, but two Federal Reserve officials...

  ATFX official website - The Federal Reserve meeting notes a hawkish side. Most participants continue to believe that there are significant upside risks to inflation and that further monetary policy tightening may be required. The two support no rate hikes in July and no longer expect a recession this year. At the July FOMC (FOMC) policy meeting, Federal Reserve officials remained largely concerned that inflation would not subside and that further rate hikes would be needed. At the same time, cracks in this consensus are becoming more and more apparent. North...

  ATFX - After the release of the strong "horror data", economists said that the Federal Reserve may not be relieved by this. The option of raising interest rates is still on the table, and Powell may eagle at the upcoming blockbuster meeting.... The July retail sales report showed that sales grew nearly twice as fast as economists expected, further indicating that consumption is more resilient than many expected. While the optimistic data has economists forecasting that the U.S. economy will not contract next year as originally expected...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on August 17, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.2076 yuan for 1 US dollar, 7.9151 yuan for 1 euro, 4.9896 yuan for 100 yen, 0.92035 yuan for 1 Hong Kong dollar, 9.2688 yuan for 1 pound, 4.6804 yuan for 1 Australian dollar, and 4.6804 yuan for 1 New Zealand dollar.

  Bank of America strategists say the worst is yet to come for the Argentine peso, which has become the world's weakest currency this year, hovering around 350 pesos to the dollar on Tuesday. The bank's strategists expect the winner of Argentina's presidential primaries to devalue the peso further from December, "so the official rate will fall to 545 pesos by the end of this year and then to 1,193 pesos by the end of 2024." In last Sunday's presidential primary, it was seen as "...

  In June this year, the S & P 500 finally broke through the 4,200 resistance level, which has been restricting the market since last August, resulting in only range fluctuations. And the latest international capital data released by the US Treasury gives us an idea of who is behind this strong breakout. As the chart below shows, after a month of chaotic capital flows, foreign investors (including official institutions and "other" or private entities) bought US stocks in June...

  In June this year, the S & P 500 finally broke through the 4,200 resistance level, which has been restricting the market since last August, resulting in only range fluctuations. And the latest international capital data released by the US Treasury gives us an idea of who is behind this strong breakout. As the chart below shows, after a month of chaotic capital flows, foreign investors (including official institutions and "other" or private entities) bought US stocks in June...

  Bank of America strategists say the worst is yet to come for the Argentine peso, which has become the world's weakest currency this year, hovering around 350 pesos to the dollar on Tuesday. The bank's strategists expect the winner of Argentina's presidential primaries to devalue the peso further from December, "so the official rate will fall to 545 pesos by the end of this year and then to 1,193 pesos by the end of 2024." In last Sunday's presidential primary, it was seen as "...