Quietly, the Federal Reserve has given more attention to this "new" inflation Indicators.
Including Federal Reserve Chairman Powell, senior officials of the Federal Reserve are increasingly focusing on a lesser-known inflation Index—the market-based version of the Personal Consumer Expenditure Price Index, which excludes a range of service industry data that its collectors cannot measure directly and must estimate. Currently, this Index is closer to the Federal Reserve's 2% inflation target, potentially indicating that the threshold for further interest rate cuts is lower than the market anticipates.
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Google and Microsoft also expressed goodwill towards the incoming president! They donated 1 million dollars to Trump's inauguration Fund.
① Microsoft, Google, and other technology giants donated to Trump's inauguration fund, with Microsoft donating 1 million USD, and Google also announced donations and provided technical support; ② Technology companies are facing regulatory pressure from the Republican Party and are trying to improve their relationship with the Trump administration. Microsoft's CEO Nadella has met with Trump multiple times in hopes of promoting favorable AI policies.
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How high are the valuations of the U.S. stock market? They have reached the level of "irrational exuberance."
Bloomberg pointed out that the current valuation of the US stock market has reached its highest level since 2002, a level that is exactly the same as when Greenspan issued his warning of "irrational exuberance" in 1996.
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