Fed's Harker: Fed Still on Rate-cut Path, Future Moves Driven by Data
AI has triggered a wave of layoffs on Wall Street! The number of unemployed individuals in the next three years may exceed 200,000.
The report indicated that in the next 3 to 5 years, due to AI 'encroaching' on human jobs, Global Banks will lay off up to 200,000 people, with backend, mid-office, and Operation positions facing the highest risks. At the same time, 80% of respondents expect that generative AI will increase productivity and income by at least 5% during this period.
Trump's Day 1: Incoming President Looks Set to Act on Tariffs, Crypto, Energy and Immigration
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Trump's Day One: Incoming President Looks Set to Act on Tariffs, Crypto, Energy and Immigration
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When Traders See the Fed Moving Next on Interest Rates -- WSJ
Fed Isn't Certain Where Interest Rates Will Head, Minutes Show. Inflation and Trump Are Concerns
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December ADP US Private Payrolls Rise Less Than Expected Ahead of Friday's BLS Data
US Weekly Initial Jobless Claims Decline to 201K Vs. 218K Expected
The three major U.S. stock index futures all turned to decline amid rumors of tariffs from Trump affecting risk appetite | Highlights for tonight.
① It is reported that Trump is considering declaring a national economic emergency to introduce tariffs; ② NASDAQ 100 Index futures dropped over 0.5% in pre-market trading; ③ Meta ended its fact-checking program to extend an olive branch to Trump; ④ The Indonesian government warned that if Apple does not comply with local investment regulations, it may face "sanctions" in the worst-case scenario.
Pre-Market Trading Key Points | Is Trump's tariff plan changing? The December "small non-farm" data will be announced soon.
The three major Equity Index futures in the USA all dropped, with Nasdaq futures down 0.6%, S&P 500 Index futures down 0.45%, and Dow futures down 0.29%.
Will the Federal Reserve's meeting minutes release tonight continue to signal a "hawkish" stance?
This meeting minutes focus on: the degree of divergence among Federal Reserve officials, the determination of the persistence of inflation and the weakness of the labor market, as well as discussions on the rise of neutral interest rates to a higher level. Additionally, the impact of Trump's policies and details related to balance sheet reduction are also worth noting.
Express News | Trump Considering National Economic Emergency