US Market Outlook: FOMC Results and Response Awaiting Response The Dow Average starts at a fall of $38

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Prepare for the risk that the US bond short will expand and interest rate cut observations will retreat due to FRB predictions
Bond traders consider the risk that the US financial authorities will retreat from observing interest rate cuts by the end of the year, accumulate short US bonds, and purchase derivatives (financial derivatives) to prepare for a sharp drop in market prices. At the FOMC meetings on the 19th and 20th, it is almost certain that policy interest rates will remain unchanged, but from transaction data, it can be seen that there is a growing view that new interest rate predictions showing an even more cautious stance on monetary easing will be shown.
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The amount of US bonds held by overseas players declined from a record high in January, Japan expanded its holdings

US wins industry with drastic relaxation to announce final rules for EV fuel efficiency conversion = related sources
The U.S. Department of Energy will announce the final rules on fuel efficiency conversion for electric vehicles (EVs) on the 19th. It is said that the details of the original plan will be drastically relaxed. This decision was a victory for the three major US automobile companies and the American Auto Workers Union. Regarding the original plan, there were concerns that the manufacturer did not meet fuel efficiency standards and could be fined 10.5 billion dollars by 2032. According to the final rule, it is expected that standards can be met with less EV production than this. It also seems to be a tailwind for plug-in hybrid vehicles (PHVs).

US government grants 1.3 trillion yen subsidy to Intel, largest for semiconductor manufacturing
The US government toured semiconductor manufacturing on the 20th $Intel (INTC.US)$It was announced that subsidies of up to 8.5 billion dollars (about 1.3 trillion yen) will be paid to. A loan of 11 billion dollars will also be implemented. We will support the expansion of manufacturing capacity in 4 states, such as western Arizona. It is the largest payment amount among semiconductor subsidies established by the Biden administration. Intel rose more than 4% due to overtime trading on the 20th.

The dollar and yen rose to the 151.58 level at one point, the high level since November 14 last year
Early in the morning in London, the dollar and yen were bought to the 151.58 level at one point. The price level has been high since November 14 last year. Cross yen has also been bought in general, and yen selling pressure continues. The Bank of Japan's cancellation of negative interest rates has sufficiently penetrated the market, and Bank of Japan Governor Ueda has indicated that the easing stance continues. Interest rates will not be raised steadily for the time being, and if the US policy interest rate seems to remain high for a while, it is likely that the trend of yen sales and dollar purchases based on the Japan-US interest rate difference will continue. However, before that, it is necessary to check the details of the US FOMC results later.
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US MS, new organization with generative AI = English DeepMind founder at the top
paddy $Microsoft (MSFT.US)$On the 19th, it was announced that a new organization has been established to oversee generative AI (artificial intelligence) consumer products and research. Mustafa Suleiman, co-founder of English DeepMind, known for developing “Alpha Go,” and was acquired by US Google, will be appointed as the chief executive officer (CEO) of the same organization.

Samsung Electronics shares rise sharply for the first time in six months - NVIDIA procurement plan reports
US semiconductor manufacturer, $NVIDIA (NVDA.US)$In response to Nikkei Asia's report that it plans to procure high-bandwidth memory (HBM), which is an important component of artificial intelligence (AI) processors, from Samsung Electronics Korea, Samsung stock temporarily recorded the biggest rise in the past 6 months or so in the Korean stock market on the 20th.
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Boeing predicts large-scale cash outflow - 737 MAX accident puts financial pressure on
paddy $Boeing (BA.US)$It was clarified that large-scale cash outflows are expected from January to March (first quarter). In addition to strengthened investigations and surveillance by regulatory authorities, the company's finances are under pressure due to delays in production of the “737 MAX” due to the door plug blowing accident that occurred in January.