US Market Outlook: Concerns about the situation in the Middle East are temporarily off, and the Dow Average starts at $26 higher

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FRB resets interest rate cut period - ask yourself if interest rates are sufficiently suppressive
In response to the continuation of disappointing inflation statistics, the US monetary authorities have been forced to reset the initial interest rate cut period and review the course of price trends. Federal Reserve (FRB) Chairman Powell stated on the 16th that there is a possibility that “it will take longer than expected” to obtain the confidence necessary for interest rate cuts, solidified such a message, and showered cold water on expectations that the number of interest rate cuts by the end of the year would exceed 2 times. Some concerns have also surfaced that interest rates may not be cut at all this year.

Attracting investors to active funds with a yield of 5% - major bond companies such as Pimco
Major bond fund companies such as Pacific Investment Management (PIMCO), BlackRock, and Capital Group are trying to attract funds into actively managed bond funds by flickering the possibility that the yield will be 5%. Customers are paying attention.

Biden Administration Considers Supplying Over $1 Billion in New Weapons to Israel - WSJ
The US Biden administration is considering supplying a new weapon equivalent to over 1 billion dollars (about 155 billion yen) to Israel. The US paper Wall Street Journal (WSJ) reported it as information on multiple US officials.

If the ECB predicts an inflation rate of less than 2% even if the interest rate is 50 bps cut - Mr. Scicluna
Policy Committee member Central Bank President Cycluna Malta stated that if neither the European Central Bank (ECB) cuts interest rates, the sluggish Eurozone economy will be hit by twins.

Tesla Recalls Approximately 3900 Cybertrucks - Defective Accelerators
US electric vehicle (EV) manufacturer's $Tesla(TSLA.US)$ will recall (free collection/repair) 3878 electric pickup trucks “cybertrucks”. It is said that there is a possibility that the accelerator pedal will come off and cause unintended acceleration, and the risk of collision will increase.

Meta, US-Philippine Communications Network President Marcos Expects Increased Employment
paddy $Meta Platforms(META.US)$ On the 19th, the Philippine government connected the trans-Pacific submarine cable connecting the Philippines and the United States to the Philippine core communication network. As part of the digitalization of administration promoted by the Marcos administration, it encourages the attraction of overseas companies, such as call center operations, which are growth industries.

Distributor: Nihon Keizai Shimbun, Bloomberg, Dow Jones, Reuters
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