No rush to cut interest rates! Federal Reserve's Bostic: Slowing down the pace can achieve dual goals.
1. The Federal Reserve should patiently and gradually lower its policy interest rate so that it can reduce the inflation rate to the target level of 2% and also prevent the US economy from falling into recession; 2. Bostonic expects that by the end of 2025, the inflation rate in the US may decrease to the target of 2% set by the Federal Reserve.
US stocks closed | S&P, Dow hit new closing highs, Netflix soared more than 11% after earnings; Chinese concept stocks rose across the board, li auto inc rose more than 6%
1. China concept stocks are up across the board, with the Nasdaq Golden Dragon Index in China rising by 3.03%; 2. The US federal government has started investigating Tesla's FSD; 3. The US Federal Aviation Administration said it will launch a new round of safety reviews on Boeing; 4. Netflix hits a new all-time high, with the company's third-quarter performance and fourth-quarter performance guidance both exceeding market expectations.
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First increase in four months! The top "creditor" usa added US debt holdings in August, while China's bond holdings approached the lowest level since 2009.
According to the data from the US Treasury Department, in August, when the yen rebounded by more than 2% and relieved pressure on the local currency, Japan's holdings of US Treasury bonds increased by $13.5 billion, breaking out of the nine-month low; China's holdings decreased by $1.9 billion, marking the sixth consecutive month of decline this year.
