Why is the Federal Reserve still dragging its feet when the global market is eagerly awaiting an interest rate cut?

The Federal Reserve is waiting for more data to show that inflation is steadily decreasing, but excessive delays may lead to economic decline. Analysts believe that if the Federal Reserve continues to hold steady in July, a rate cut in September will be a "done deal".

wallstreetcn06:03 ET

ZheShang Securities: Pop Mart's revenue and profit in H1 2024 exceeded expectations, maintaining a "buy" rating.

Zheshang Securities released a research report stating that it maintains a "buy" rating for Pop Mart (09992) based on better-than-expected business in both mainland China and overseas. The profit forecast is raised, with expected revenue of 9.19/12.22 billion yuan in 2024/2025 and a net income attributable to the parent company of 1.92/2.54 billion yuan and an adjusted net profit of 2.07/2.74 billion yuan. The company has entered a period of non-linear growth this year, and in the long term, with the breakthrough of the IP category, the operation will be upgraded, and the global influence of IP will be enhanced, and the momentum of growth is expected to continue. The scale effect and supply chain optimization will drive obvious profit optimization. The main viewpoints of Zheshang Securities are as follows: Pop Mart

新浪港股22:29 ET

Sentiment On The USD Fluctuates Amid Political Uncertainties

Recent developments in financial markets have significantly impacted the outlook for the USD.

Business Today22:16 ET

President Biden Dropping Out Unlikely to Materially Shift Markets -- Market Talk

In the near term, President Biden's not seeking re-election and endorsing Vice President Kamala Harris is unlikely to shift markets materially, says Piers Bolger, CIO at Infinity Asset Management.

WSJ22:16 ET

Asian Currencies Consolidate as Traders Assess Fed's Outlook, Possible Trump Victory -- Market Talk

Asian currencies consolidate as traders assess Fed's monetary policy outlook and a possible victory by Donald Trump in the U.S. presidential elections.

WSJ21:54 ET

"Rate cut trade" and "Trump trade" led the entire market, small-cap stocks rose strongly and csi commodity equity index fell across the board. | Overseas major asset weekly report

The U.S. stock market continues to witness a "big shift" in the market, as investors accelerate their exit from large technology stocks. The "Trump trade" has raised concerns about inflation and pushed up the yield on U.S. long-term bonds, putting pressure on the dollar, and most commodity prices have fallen.

wallstreetcnJul 21 02:57 ET