[5 books this morning] Selected news to read before starting work

The yen was 2.6% higher than the dollar at one point = 1 dollar157 yen 44 senI attached it. Interest rate cut observations intensified in response to the fact that the US Consumer Price Index (CPI) in June fell below market expectations. Interventional observations were made in the market, but Treasurer Masato Kanda exchanged money on the night of the 11th Japan timeinterventionsRegarding the presence or absence of, he stated to reporters that “we are not in a position to comment on anything as before.” The presence or absence of monthly interventions will be announced at the end of the month in the form of a total amount.

June'sUS CPIThere has been a widespread slowdown. It was the strongest signal so far that interest rate cuts are possible in the near future. Core CPI rose 0.1% from the previous month, a slight increase since August 2021. It remained the lowest growth in over 3 years, with a 3.3% increase compared to the same month last year. The overall CPI fell 0.1% from the previous month, which has been negative since the beginning of the novel coronavirus disaster. Above all, the growth and deceleration of housing costs was conspicuous.

San Francisco Federal Reserve President Daly said, “Data on employment, inflation, gross domestic product (GDP), economic outlook, etc. have been obtained so farinformationsWhen taken into account, there is a high possibility that some kind of policy adjustment will be justified,” he said. However, it was not possible to indicate a specific period for interest rate cuts. St. Louis Federal Bank President Mussalem said, “The June CPI statistics are further aimed at lowering inflationheadwayIt suggests,” he pointed out. “We intend to look for further evidence that would allow us to expect the inflation rate to converge to 2% in the future,” he said.

Will advisors to the US Biden administration or small groups participating in the election campaign win against former President Trump in President BidenimpossibleHowever, discussions are being held that it is necessary to persuade Mr. Biden that another candidate like Vice President Harris can win. The US newspaper The New York Times (NYT) reported. The newspaper also said that Mr. Harris will face off against Mr. TrumpconjuresIt was reported that the Biden camp requested a voter survey based on it.

Steve Eisman of the Neuberger Berman Group stands out for large US high-tech stocksstrengthI think it will “last for years.” It is said that this is because artificial intelligence (AI) becomes more familiar to consumers through electronic devices. Meanwhile, according to Goldman Sachs Group strategists, major US technology companies are spending too much on AI among investorsconcernsis getting stronger.