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Home Depot, Salesforce Share Gains Lead Dow's 450-Point Rally
Powell declares the arrival of an interest rate cut cycle, with employment replacing inflation as the Fed's main concern.
Jerome Powell, the chairman of the Federal Reserve, has stated that the time has come for a rate cut, confirming the market's expectation that the central bank will begin cutting interest rates next month. Powell also emphasized the need to prevent further cooling of the labor market. "The time has come to adjust the policy," Powell said at the Jackson Hole Symposium on Friday. "The future direction is clear, and the timing and pace of the rate cuts will depend on the upcoming data, evolving outlook, and risk balance." The Fed chairman also acknowledged recent progress in inflation, saying, "We have increased confidence that inflation will sustainably return to the 2% target." US government bonds
Dow Rallies Nearly 225 Points On Gains For Shares Of Intel, Goldman Sachs
Express News | SoftBank-Backed Indian Food, Grocery Delivery Firm Swiggy Targets $15 Bln Valuation in IPO, Sources Say
Top Economist Forecasts 25 Basis Point Cut In September, Expects Jerome Powell To Adopt A 'Dovish Tone' At Jackson Hole
Goldman Sachs: Reiterates a "buy" rating on AIA, with the target price raised to 93 Hong Kong dollars.
Goldman Sachs has released a research report reiterating its "buy" rating for AIA (01299), and has raised its forecast for the new business value and embedded value operating surplus for 2024 to 2026 by 1% to 2%. The net profit forecast for this year has been raised by 9%, and the forecasts for 2025 and 2026 have been adjusted. The target price has been raised from HK$92 to HK$93, and it remains on the buy list. The report states that the company's midterm performance is strong, mainly due to better-than-expected free surplus net amount, which has rebounded to positive growth in the first half of the year, exceeding the bank's expectations. The bank has raised its forecast for the company's free surplus net amount, and expects it to continue to achieve growth in 2025 and 2026.
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Li Li6 : What does cutting interest rates mean?
Alen Kok : ha ha
Malik ritduan : sturdy
104247826 :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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