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Terence_513
2023-12-13
$阿里巴巴(BABA)$
Terence_513
2023-10-26
tesla good must buy will up to $500 per share
Terence_513
2023-06-26
tiger woods and his dad and
Terence_513
2023-06-22
tiger woods and his dad got it from
Terence_513
2023-06-19
tiger woods and his dad and dad were going out
Terence_513
2023-06-16
tiger is the only one that has to be
Terence_513
2023-06-15
Tiger Woods is the only player to win the Masters this
Terence_513
2023-06-14
come and play tiger game tonight and get some
Terence_513
2023-06-13
Tiger new game. Good app for trading.
@TigerEvents:Light up your investing with Tiger, play and win prizes worth up to USD 999
Terence_513
2023-06-13
@tiger nice. Tiger app
Terence_513
2023-04-14
tiger woods and his dad and dad were in
Terence_513
2023-04-13
tiger woods are in town for some time today at work
Terence_513
2023-04-12
tiger woods and his dad and dad were in town for some reason
Terence_513
2023-04-11
Tiger Woods has a long way in his life and is the most popular golfer of all of his years on this list of winners and
Terence_513
2023-04-10
Tigers were a great game in my book but theyare a little too far for the team that is playing right away in their own
Terence_513
2023-04-09
Tiger Woods is the only player to win the Masters this year and has won three of
Terence_513
2023-04-06
tiget good nice power
Terence_513
2023-04-05
Tiger game. Must try up. Good to play
@TigerEvents:【Game】Easter Egg Hunting with Tiger, Win Disney Shares and USD 120 Voucher
Terence_513
2023-03-22
hhh
The lethality increased by three times! Powell's press conference is the real horror
Terence_513
2023-03-08
👍
"New Fed mouthpiece": Powell may warn that the Fed's rate hike will exceed expectations
Go to Tiger App to see more news
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Good app for trading.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186874117427280","repostId":"9970552986","repostType":1,"repost":{"id":9970552986,"gmtCreate":1684749089245,"gmtModify":1686052573124,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"Light up your investing with Tiger, play and win prizes worth up to USD 999","htmlText":"Join our exclusive \"Light up Your Investing\" campaign with Tiger!Participate in our game and win fantastic prizes worth up to USD 999*!Unveil the allure of various regions as you progress through exciting game levels.But wait, there's more! Along your journey, uncover hidden rewards and unlock exclusive bonuses that will supercharge your investing game!Not only will you gain valuable knowledge and insights, but you'll also compete with fellow investors for the top spot on our leaderboard!Invite your friends and embark on this epic investing adventure together! Let's light up the world of investing with Tiger!Don't miss out on this limited-time opportunity!Campaign period: 6th June to 27th June. *T&Cs apply.👉 <a href=\"https://tigr.link/lightupsg\" target=\"_blank\">Click here to start play</a>","listText":"Join our exclusive \"Light up Your Investing\" campaign with Tiger!Participate in our game and win fantastic prizes worth up to USD 999*!Unveil the allure of various regions as you progress through exciting game levels.But wait, there's more! 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popular golfer of all of his years on this list of winners and","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942809816","isVote":1,"tweetType":1,"viewCount":1629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942088955,"gmtCreate":1681084292677,"gmtModify":1681084296326,"author":{"id":"3582091132450948","authorId":"3582091132450948","name":"Terence_513","avatar":"https://community-static.tradeup.com/news/b88a974714a7fb6c069c91664088950c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582091132450948","idStr":"3582091132450948"},"themes":[],"htmlText":"Tigers were a great game in my book but theyare a little too far for the team that is playing right away in their own ","listText":"Tigers were a great game in my book but theyare a little too far for the team that is playing right away in their own ","text":"Tigers were a great game in my book but theyare a little too far for the team that is playing right away in their own","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942088955","isVote":1,"tweetType":1,"viewCount":814,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9946460156,"gmtCreate":1681022795975,"gmtModify":1681022799609,"author":{"id":"3582091132450948","authorId":"3582091132450948","name":"Terence_513","avatar":"https://community-static.tradeup.com/news/b88a974714a7fb6c069c91664088950c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582091132450948","idStr":"3582091132450948"},"themes":[],"htmlText":"Tiger Woods is the only player to win the Masters this year and has won three of ","listText":"Tiger Woods is the only player to win the Masters this year and has won three of ","text":"Tiger Woods is the only player to win the Masters this year and has won three of","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9946460156","isVote":1,"tweetType":1,"viewCount":802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948404806,"gmtCreate":1680756652505,"gmtModify":1680756657472,"author":{"id":"3582091132450948","authorId":"3582091132450948","name":"Terence_513","avatar":"https://community-static.tradeup.com/news/b88a974714a7fb6c069c91664088950c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582091132450948","idStr":"3582091132450948"},"themes":[],"htmlText":"tiget good nice power","listText":"tiget good nice power","text":"tiget good nice power","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948404806","isVote":1,"tweetType":1,"viewCount":1342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948825325,"gmtCreate":1680677609167,"gmtModify":1680677613379,"author":{"id":"3582091132450948","authorId":"3582091132450948","name":"Terence_513","avatar":"https://community-static.tradeup.com/news/b88a974714a7fb6c069c91664088950c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582091132450948","idStr":"3582091132450948"},"themes":[],"htmlText":"Tiger game. Must try up. Good to play ","listText":"Tiger game. Must try up. Good to play ","text":"Tiger game. Must try up. Good to play","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948825325","repostId":"9943960936","repostType":1,"repost":{"id":9943960936,"gmtCreate":1679046534725,"gmtModify":1680580626622,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"【Game】Easter Egg Hunting with Tiger, Win Disney Shares and USD 120 Voucher","htmlText":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣<a href=\"https://www.tigerbrokers.com.sg/activity/market/2023/easter/?adcode=20230316162207#/\" target=\"_blank\">Join our Easter campaign now</a>","listText":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣<a href=\"https://www.tigerbrokers.com.sg/activity/market/2023/easter/?adcode=20230316162207#/\" target=\"_blank\">Join our Easter campaign now</a>","text":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣Join our Easter campaign now","images":[{"img":"https://community-static.tradeup.com/news/c90a7371a3bcd1e6c552d2aa23f72c33","width":"1200","height":"630"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943960936","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1365,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943231046,"gmtCreate":1679470633986,"gmtModify":1679470637585,"author":{"id":"3582091132450948","authorId":"3582091132450948","name":"Terence_513","avatar":"https://community-static.tradeup.com/news/b88a974714a7fb6c069c91664088950c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582091132450948","idStr":"3582091132450948"},"themes":[],"htmlText":"hhh","listText":"hhh","text":"hhh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943231046","repostId":"1100480684","repostType":2,"repost":{"id":"1100480684","kind":"news","pubTimestamp":1679455925,"share":"https://ttm.financial/m/news/1100480684?lang=en_US&edition=fundamental","pubTime":"2023-03-22 11:32","market":"us","language":"zh","title":"The lethality increased by three times! Powell's press conference is the real horror","url":"https://stock-news.laohu8.com/highlight/detail?id=1100480684","media":"金十数据","summary":"在FOMC新闻发布会期间,市场波动比其他时候更高。","content":"<p><html><head></head><body>The Federal Reserve's interest rate decision is about to be released, and everyone is still debating whether to add rate hike or not, and how many basis points to add. However, Powell's press conference is the real \"killer\". The global market is waiting with bated breath for the Federal Reserve's March interest rate decision to be released in the early hours of Thursday morning, Beijing time. How difficult it is for the Federal Reserve this time has been wildly exaggerated by the media. So far, the market is still full of differences on the outcome of this decision. Just last night, rate hike expectations heated up across the board, and this time the probability of a rate hike of 25 basis points exceeded 80% again.</p><p>Add rate hike or not? How many basis points is rate hike? Although these issues are important,<b>Investors should pay more attention to Fed Chairman Powell's press conference after the meeting this time</b>, and its influence should not be underestimated.<b>The study found that market volatility during Powell's press conferences was three times higher than his predecessors, and he often magically reversed the market's initial reaction to FOMC statements.</b></p><p>During six press conferences over the past year, the S&P 500 index has risen and fallen by more than 1%, and its market value has fluctuated by $300 billion. Press releases hosted by Powell tend to have two characteristics.</p><p>One, during the FOMC press conference, market volatility is higher than at other times. This has been the case since 2011, but the press conferences hosted by Powell are especially true, suggesting that press conferences have played a huge role in shaping market expectations in the near term. Second, before the pandemic in COVID-19 pandemic, press conferences tended to reinforce the FOMC's statement, and the market moved during the press conference in line with the initial reaction to the statement. Since the start of the pandemic in COVID-19 pandemic, however, stock and bond markets have often moved in the opposite direction of the market's initial reaction to FOMC announcements during press conferences. This reversal has something to do with Powell's wording in his speech. Figure 1 shows the volatility of S&P 500 returns on the day Powell and his predecessor Yellen held a press conference. It can be seen that Powell's tenure has been much more volatile.</p><p><img src=\"https://static.tigerbbs.com/fad8758b93fdf1e7013c31db3a1ba47b\" tg-width=\"1128\" tg-height=\"684\" referrerpolicy=\"no-referrer\"/></p><p>Figure 2 summarizes the rise in market volatility during the recent press conferences of the three Fed chairmen. Although the market volatility will increase at the press conferences held by these three chairmen,<b>But it was particularly pronounced under Powell's tenure: Market volatility was three times higher than under the previous chair</b>。</p><p><img src=\"https://static.tigerbbs.com/a68b7309ffecfd3de0a34ad4b7c94d68\" tg-width=\"1111\" tg-height=\"446\" referrerpolicy=\"no-referrer\"/></p><p>One explanation for the greater market volatility during Powell's press conference may be that during his tenure,<b>More volatile macro environment</b>, including the pandemic response and the subsequent rise in inflation. In addition, there were no significant differences in market volatility under different chairs within minutes of the FOMC announcement,<b>This suggests that increased volatility during Powell's press conference was not the result of more surprising interest rate policy</b>。</p><p>Under Bernanke and Yellen, the Fed's press conferences typically reiterated the message conveyed in FOMC statements. As Figure 3 shows, at the press conference, the market trend tends to be consistent with the initial trend after the FOMC issued its statement. Powell did the same at the pre-COVID-19 pandemic meeting, but the recent meeting strayed from that pattern. Since March 2020,<b>Markets tend to move in the opposite direction during Powell's news sessions as they initially did</b>。</p><p><img src=\"https://static.tigerbbs.com/5d60b7f2c3e07ca9f5897b8a443d0ce4\" tg-width=\"892\" tg-height=\"638\" referrerpolicy=\"no-referrer\"/></p><p><b>One explanation for the market reversal is that the market overreacted to the FOMC's initial announcement because it \"tended to listen.\" However, by analyzing the Q&A texts at Powell's recent press conferences, and then linking the market movements at recent press conferences with the language used by Powell, it can be found that the reason is not just the potential overreaction of the market.</b></p><p>For example, the language used by Powell at his press conference on September 21, 2022, tends to relate to the positive stock market portion of the FOMC statement, during which the market rebounded and the two-year Treasury Bond yield fell by nearly 8 basis points. And at the November 2, 2022 meeting, he turned to significantly more negative language, during which the stock market fell nearly 2%.</p><p>These market reversals show that,<b>The FOMC announcement is no longer the Fed's'last word 'on interest rate guidance</b>。</p><p>Figure 4 shows the trend of the two-year U.S. Treasury Bond yield during the press conference hosted by Yellen and Powell. During Yellen's tenure, the bond market reacted quickly to the release of the FOMC statement and tended to stay near this level after the press conference. However, during Powell's tenure, particularly on the days when the release of the FOMC statement led to a rise in Treasury Bond yields, markets tended to reverse their initial reaction to the release of the FOMC statement at press conferences.</p><p><img src=\"https://static.tigerbbs.com/4e2fc971c6f1e881633a94a00f61804f\" tg-width=\"769\" tg-height=\"741\" referrerpolicy=\"no-referrer\"/></p><p>These patterns indicate that,<b>The role of the Fed's press conference is shifting, it is becoming increasingly important, and it is not always a direct reiteration of FOMC statements. This change may be a corollary of evolving communications strategies: Powell has also doubled the number of press conferences held each year than his predecessors, and the length, complexity, and diversity of views of FOMC statements have changed over time.</b></p><p>Another possible reason is,<b>The press conference allowed the chairman to highlight his views and bring up, ahead of other committee members, parts of the FOMC discussion that were not captured by the FOMC statement but that the market deemed significant.</b>However, deviating from the unified message in the FOMC statement and leading to increased market volatility may be inconsistent with other communication objectives of the Federal Reserve. The large volatility of the stock and bond markets is obviously incompatible with the goal of increasing predictability and reducing uncertainty. In fact, recent meetings have been less successful in reducing uncertainty about future interest rate paths.</p><p>The last possibility is,<b>The goal of minimizing market volatility is wrong</b>。<b>A \"Federal Reserve that is less worried about the direct impact of its actions on the bond market may be able to adjust its policy more flexibly if necessary\".</b>In other words, when the FOMC gets the state of the economy as quickly as it does today, perhaps it just needs a Fed chair willing to move the market.</p><p></body></html></p>","source":"jssj","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The lethality increased by three times! Powell's press conference is the real horror</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe lethality increased by three times! Powell's press conference is the real horror\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金十数据</strong><span class=\"h-time small\">2023-03-22 11:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The Federal Reserve's interest rate decision is about to be released, and everyone is still debating whether to add rate hike or not, and how many basis points to add. However, Powell's press conference is the real \"killer\". The global market is waiting with bated breath for the Federal Reserve's March interest rate decision to be released in the early hours of Thursday morning, Beijing time. How difficult it is for the Federal Reserve this time has been wildly exaggerated by the media. So far, the market is still full of differences on the outcome of this decision. Just last night, rate hike expectations heated up across the board, and this time the probability of a rate hike of 25 basis points exceeded 80% again.</p><p>Add rate hike or not? How many basis points is rate hike? Although these issues are important,<b>Investors should pay more attention to Fed Chairman Powell's press conference after the meeting this time</b>, and its influence should not be underestimated.<b>The study found that market volatility during Powell's press conferences was three times higher than his predecessors, and he often magically reversed the market's initial reaction to FOMC statements.</b></p><p>During six press conferences over the past year, the S&P 500 index has risen and fallen by more than 1%, and its market value has fluctuated by $300 billion. Press releases hosted by Powell tend to have two characteristics.</p><p>One, during the FOMC press conference, market volatility is higher than at other times. This has been the case since 2011, but the press conferences hosted by Powell are especially true, suggesting that press conferences have played a huge role in shaping market expectations in the near term. Second, before the pandemic in COVID-19 pandemic, press conferences tended to reinforce the FOMC's statement, and the market moved during the press conference in line with the initial reaction to the statement. Since the start of the pandemic in COVID-19 pandemic, however, stock and bond markets have often moved in the opposite direction of the market's initial reaction to FOMC announcements during press conferences. This reversal has something to do with Powell's wording in his speech. Figure 1 shows the volatility of S&P 500 returns on the day Powell and his predecessor Yellen held a press conference. It can be seen that Powell's tenure has been much more volatile.</p><p><img src=\"https://static.tigerbbs.com/fad8758b93fdf1e7013c31db3a1ba47b\" tg-width=\"1128\" tg-height=\"684\" referrerpolicy=\"no-referrer\"/></p><p>Figure 2 summarizes the rise in market volatility during the recent press conferences of the three Fed chairmen. Although the market volatility will increase at the press conferences held by these three chairmen,<b>But it was particularly pronounced under Powell's tenure: Market volatility was three times higher than under the previous chair</b>。</p><p><img src=\"https://static.tigerbbs.com/a68b7309ffecfd3de0a34ad4b7c94d68\" tg-width=\"1111\" tg-height=\"446\" referrerpolicy=\"no-referrer\"/></p><p>One explanation for the greater market volatility during Powell's press conference may be that during his tenure,<b>More volatile macro environment</b>, including the pandemic response and the subsequent rise in inflation. In addition, there were no significant differences in market volatility under different chairs within minutes of the FOMC announcement,<b>This suggests that increased volatility during Powell's press conference was not the result of more surprising interest rate policy</b>。</p><p>Under Bernanke and Yellen, the Fed's press conferences typically reiterated the message conveyed in FOMC statements. As Figure 3 shows, at the press conference, the market trend tends to be consistent with the initial trend after the FOMC issued its statement. Powell did the same at the pre-COVID-19 pandemic meeting, but the recent meeting strayed from that pattern. Since March 2020,<b>Markets tend to move in the opposite direction during Powell's news sessions as they initially did</b>。</p><p><img src=\"https://static.tigerbbs.com/5d60b7f2c3e07ca9f5897b8a443d0ce4\" tg-width=\"892\" tg-height=\"638\" referrerpolicy=\"no-referrer\"/></p><p><b>One explanation for the market reversal is that the market overreacted to the FOMC's initial announcement because it \"tended to listen.\" However, by analyzing the Q&A texts at Powell's recent press conferences, and then linking the market movements at recent press conferences with the language used by Powell, it can be found that the reason is not just the potential overreaction of the market.</b></p><p>For example, the language used by Powell at his press conference on September 21, 2022, tends to relate to the positive stock market portion of the FOMC statement, during which the market rebounded and the two-year Treasury Bond yield fell by nearly 8 basis points. And at the November 2, 2022 meeting, he turned to significantly more negative language, during which the stock market fell nearly 2%.</p><p>These market reversals show that,<b>The FOMC announcement is no longer the Fed's'last word 'on interest rate guidance</b>。</p><p>Figure 4 shows the trend of the two-year U.S. Treasury Bond yield during the press conference hosted by Yellen and Powell. During Yellen's tenure, the bond market reacted quickly to the release of the FOMC statement and tended to stay near this level after the press conference. However, during Powell's tenure, particularly on the days when the release of the FOMC statement led to a rise in Treasury Bond yields, markets tended to reverse their initial reaction to the release of the FOMC statement at press conferences.</p><p><img src=\"https://static.tigerbbs.com/4e2fc971c6f1e881633a94a00f61804f\" tg-width=\"769\" tg-height=\"741\" referrerpolicy=\"no-referrer\"/></p><p>These patterns indicate that,<b>The role of the Fed's press conference is shifting, it is becoming increasingly important, and it is not always a direct reiteration of FOMC statements. This change may be a corollary of evolving communications strategies: Powell has also doubled the number of press conferences held each year than his predecessors, and the length, complexity, and diversity of views of FOMC statements have changed over time.</b></p><p>Another possible reason is,<b>The press conference allowed the chairman to highlight his views and bring up, ahead of other committee members, parts of the FOMC discussion that were not captured by the FOMC statement but that the market deemed significant.</b>However, deviating from the unified message in the FOMC statement and leading to increased market volatility may be inconsistent with other communication objectives of the Federal Reserve. The large volatility of the stock and bond markets is obviously incompatible with the goal of increasing predictability and reducing uncertainty. In fact, recent meetings have been less successful in reducing uncertainty about future interest rate paths.</p><p>The last possibility is,<b>The goal of minimizing market volatility is wrong</b>。<b>A \"Federal Reserve that is less worried about the direct impact of its actions on the bond market may be able to adjust its policy more flexibly if necessary\".</b>In other words, when the FOMC gets the state of the economy as quickly as it does today, perhaps it just needs a Fed chair willing to move the market.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://xnews.jin10.com/details/108822\">金十数据</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/909f0c076f3fff78497a5c9be00e5429","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://xnews.jin10.com/details/108822","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100480684","content_text":"美联储利率决议即将出炉,大家还在争辩加不加息,到底加几个基点。然而,鲍威尔的新闻发布会才是真“杀器”。全球市场正屏息等待即将于北京时间周四凌晨出炉的美联储3月利率决议,美联储这一次有多难已经被媒体疯狂渲染,至今市场对于此次决议的结果依然充满分歧。就在昨晚,加息预期全面升温,这次加息25个基点的概率重新突破了80%。加不加息?加息多少个基点?这些问题固然很重要,但投资者这次更加要重视会后美联储主席鲍威尔的新闻发布会,其影响力更加不容小觑。研究发现,鲍威尔新闻发布会期间的市场波动比他的前任高出三倍,而且他往往还能神奇地扭转市场对FOMC声明的最初反应。在过去一年的六次新闻发布会期间,标普500指数的涨跌幅度超过1%,市值波动达到3000亿美元。鲍威尔主持的新闻发布往往会有两个特点。第一,在FOMC新闻发布会期间,市场波动比其他时候更高。自2011年以来一直如此,但鲍威尔主持的新闻发布会尤其如此,这表明新闻发布会在塑造近期市场预期方面发挥了巨大作用。第二,在新冠疫情大流行之前,新闻发布会倾向于强化FOMC的声明,市场在新闻发布会期间的走势与最初对声明做出的反应一致。然而,自新冠疫情大流行开始以来,股票和债券市场在新闻发布会期间的走势往往与市场对FOMC声明的最初反应相反。这种逆转与鲍威尔在讲话中的措辞有关系。图1展示了鲍威尔及其前任耶伦召开新闻发布会当天标普500指数回报率的波动情况。可以看出鲍威尔任期内的波动性要大得多。图2总结了最近三位美联储主席在新闻发布会期间市场波动的升高情况。尽管在这三位主席召开的新闻发布会上,市场波动都会加剧,但在鲍威尔任期内尤其明显:市场波动比前任主席任期内高出三倍。鲍威尔的新闻发布会期间市场波动更加剧烈的一个解释可能是,在他的任期内,宏观环境更加动荡,其中包括疫情应对和随后的通胀抬头。此外,在FOMC声明发布后的几分钟内,不同主席任下的市场波动没有显著差异,这表明鲍威尔新闻发布会期间的波动加剧并不是更令人惊讶的利率政策的结果。在伯南克和耶伦的领导下,美联储的新闻发布会通常会重申FOMC声明中传递的信息。如图3显示,在新闻发布会上,市场走势倾向于与FOMC发布声明后最初的走势一致。鲍威尔在新冠疫情前的会议上也是这样做的,但最近的会议却偏离了这一模式。自2020年3月以来,市场在鲍威尔的新闻会议期间的走势往往与最初的走势相反。对于市场逆转的一种解释是,市场对FOMC最初的声明反应过度,因为它“倾向于倾听”。然而,通过分析鲍威尔最近几次新闻发布会上的问答文本,再将最近几次新闻发布会上的市场走势与鲍威尔使用的语言联系起来,可以发现,其中的原因不仅仅是市场潜在的过度反应。例如,鲍威尔在2022年9月21日的新闻发布会上使用的语言,往往与FOMC声明中利好股市的部分有关,在此期间市场反弹,两年期国债收益率下降了近8个基点。而在2022年11月2日的会议上,他转向了明显更为负面的语言,在此期间股市下跌了近2%。这些市场逆转表明,FOMC的声明不再是美联储对利率指导的“最后决定”。图4展示了耶伦和鲍威尔主持的新闻发布会期间,两年期美国国债收益率的走势。在耶伦任期内,债市对FOMC声明的发布做出了迅速反应,并在新闻发布会后倾向于保持在这一水平附近。然而,在鲍威尔任期内,特别是在FOMC声明发布导致国债收益率上升的日子里,市场在新闻发布会上往往会逆转对FOMC声明发布的最初反应。这些模式表明,美联储新闻发布会的角色正在转变,正变得越来越重要,而且并不总是直接重申FOMC的声明。这种变化可能是沟通策略不断发展的必然结果:鲍威尔每年举行的新闻发布会数量也比他的前任增加了一倍,FOMC声明的长度、复杂性和观点的多样性随着时间的推移也发生了变化。还有一种可能的原因是,新闻发布会允许主席强调自己的观点,并先于其他委员会成员提出FOMC讨论中未被FOMC声明捕捉、但市场认为具有重要意义的部分。不过,偏离FOMC声明中的统一信息并导致市场波动加剧,这个结果可能与美联储的其他沟通目标不一致。股债市场的大幅波动显然与增加可预测性和减少不确定性的目标不相容。事实上,最近的会议在降低未来利率路径的不确定性方面不太成功。最后一种可能性是,将市场波动最小化的目标是错误的。一个“不太担心其行动对债市的直接影响的美联储或许能够在必要时更灵活地调整政策”。换句话说,当FOMC能像今天这样快速了解经济状况时,也许正是需要一位愿意推动市场走势的美联储主席。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1022,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949090990,"gmtCreate":1678228420610,"gmtModify":1678228424372,"author":{"id":"3582091132450948","authorId":"3582091132450948","name":"Terence_513","avatar":"https://community-static.tradeup.com/news/b88a974714a7fb6c069c91664088950c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582091132450948","idStr":"3582091132450948"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949090990","repostId":"1145745223","repostType":4,"repost":{"id":"1145745223","kind":"news","pubTimestamp":1678194660,"share":"https://ttm.financial/m/news/1145745223?lang=en_US&edition=fundamental","pubTime":"2023-03-07 21:11","market":"us","language":"zh","title":"\"New Fed mouthpiece\": Powell may warn that the Fed's rate hike will exceed expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=1145745223","media":"金十数据","summary":"面临多份“爆表”的数据,鲍威尔将如何塑造市场预期?周二晚,“新美联储传声筒”、华尔街日报记者Nick Timiraos撰文表示,美联储主席鲍威尔可能会在国会山发出警告,称今年强劲的经济活动或将使美联储","content":"<p><html><head></head><body><b>Faced with multiple \"off the charts\" data, how will Powell shape market expectations?</b>On Tuesday night, the \"new Fed mouthpiece\" and Wall Street Journal reporter Nick Timiraos wrote that Fed Chairman Jerome Powell may issue a warning on Capitol Hill that strong economic activity this year may make the Fed's rate hike more than expected.</p><p>Powell will begin testifying at 10 a.m. Eastern Time on Tuesday (23: 00 Beijing time) for two days. He will be questioned by the Senate Banking Committee and will continue to be questioned by the House committee on Wednesday.<b>This will be his last speech on interest rate policy before the interest rate meeting in March.</b>Because the Fed will enter a \"silent period\" this Saturday.</p><p>The Federal Reserve slowed the pace of rate hike last month after rate hike of 75 basis points and 50 basis points in November and December, respectively. It raised interest rates by 25 basis points last month to a range of 4.5% to 4.75%, with the aim of continuing to cool the economy to reduce price pressures.</p><p>The Fed has been trying to curb investment, spending and hiring through a rate hike, which would raise borrowing costs and potentially drive down the prices of assets such as stocks and real estate. Federal Funds rate affects other borrowing costs throughout the economy.</p><p>Last December, most Fed officials believed that,<b>They will raise their Federal Funds rate to between 5% and 5.5% this year and keep that level until 2024</b>。 They will submit new forecasts at the upcoming March interest rate meeting.</p><p>Timiraos said that at a news conference on February 1, Powell said that if the economy slows as officials expect, they may rate hike 25 basis points at each meeting in March and May.</p><p>But he also warned that,<b>If the economy shows surprisingly strong momentum, the Federal Reserve could make further rate hike</b>。 Powell said at a news conference:</p><p>\"We're going to take a closer look at the data between now and the March meeting, and if we think we need to raise interest rates above what they said in December, we certainly will.\" Since his comments, several economic reports have shown,<b>Jobs, consumer spending and inflation all rose in January</b>。 In addition, the revised data shows that,<b>Inflation and labor demand are not slowing as much as they were initially reported late last year.</b></p><p>As a result, several Fed officials said,<b>Their rate hike this year may be larger than previously expected</b>。 Three regional Fed presidents said they could have supported a larger rate hike last month and may support a larger rate hike at the upcoming March meeting.</p><p><b>Recent strong economic data has shifted investors' interest rate expectations</b>。 At the Fed's last meeting, investors in the interest rate futures market expected that,<b>Fed officials will only raise Federal Funds rate once more this year, to a high of 4.9%, and start cutting interest rates this fall</b>。 According to CME group data,<b>On Monday, investors expected interest rates to rise to around 5.5% by the middle of the year and stay there until the end of 2023.</b></p><p>Timiraos said,<b>Investors will carefully analyze Powell's rhetoric for clues as to whether the Fed is likely to rate hike 25 basis points, as widely expected, or whether he may indicate a willingness to rate hike 50 basis points.</b></p><p>However, Timiraos believes that,<b>Powell could be limited in steering markets this week</b>,<b>Because two widely watched economic reports will be released after his testimony and before the next meeting</b>, the two reports may affect officials' deliberations. The U.S. Department of Labor will release the February non-farm payrolls report this Friday, and the U.S. February CPI report will be released next week.</p><p>The U.S. added 517,000 new non-farm payrolls in January, while the unemployment rate fell to 3.4%, its lowest level in 53 years, a figure that shocked economists who had expected a jobs slowdown. Friday's latest non-farm payrolls report may provide some clues as to whether job growth is a flash in the pan or a sign that the economy is accelerating.</p><p>For inflation, the downward trend in inflation at the end of last year was suspended in January. Annual inflation, excluding volatile food and energy items, was 4.7%, up from 4.6% in December, according to the Commerce Department's PCE data.</p><p>Hit by the new crown epidemic, the Federal Reserve kept its Federal Funds rate near zero, but in the past 12 months, it has made more rate hike than at any time since the early 1980s. Officials have slowed down rate hike to see the effects of its moves.</p><p>Tuesday's hearing was Powell's first appearance in Congress since the Fed raised its Federal Funds rate to a range of 1.5% to 1.75% last June. A handful of Democratic lawmakers have been downplaying concerns about inflation, warning Powell against rate hike too fast or too high and expressing concern about the Fed's rush to slow economic growth by seeking to increase unemployment.</p><p></body></html></p>","source":"jssj","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"New Fed mouthpiece\": Powell may warn that the Fed's rate hike will exceed expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"New Fed mouthpiece\": Powell may warn that the Fed's rate hike will exceed expectations\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金十数据</strong><span class=\"h-time small\">2023-03-07 21:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Faced with multiple \"off the charts\" data, how will Powell shape market expectations?</b>On Tuesday night, the \"new Fed mouthpiece\" and Wall Street Journal reporter Nick Timiraos wrote that Fed Chairman Jerome Powell may issue a warning on Capitol Hill that strong economic activity this year may make the Fed's rate hike more than expected.</p><p>Powell will begin testifying at 10 a.m. Eastern Time on Tuesday (23: 00 Beijing time) for two days. He will be questioned by the Senate Banking Committee and will continue to be questioned by the House committee on Wednesday.<b>This will be his last speech on interest rate policy before the interest rate meeting in March.</b>Because the Fed will enter a \"silent period\" this Saturday.</p><p>The Federal Reserve slowed the pace of rate hike last month after rate hike of 75 basis points and 50 basis points in November and December, respectively. It raised interest rates by 25 basis points last month to a range of 4.5% to 4.75%, with the aim of continuing to cool the economy to reduce price pressures.</p><p>The Fed has been trying to curb investment, spending and hiring through a rate hike, which would raise borrowing costs and potentially drive down the prices of assets such as stocks and real estate. Federal Funds rate affects other borrowing costs throughout the economy.</p><p>Last December, most Fed officials believed that,<b>They will raise their Federal Funds rate to between 5% and 5.5% this year and keep that level until 2024</b>。 They will submit new forecasts at the upcoming March interest rate meeting.</p><p>Timiraos said that at a news conference on February 1, Powell said that if the economy slows as officials expect, they may rate hike 25 basis points at each meeting in March and May.</p><p>But he also warned that,<b>If the economy shows surprisingly strong momentum, the Federal Reserve could make further rate hike</b>。 Powell said at a news conference:</p><p>\"We're going to take a closer look at the data between now and the March meeting, and if we think we need to raise interest rates above what they said in December, we certainly will.\" Since his comments, several economic reports have shown,<b>Jobs, consumer spending and inflation all rose in January</b>。 In addition, the revised data shows that,<b>Inflation and labor demand are not slowing as much as they were initially reported late last year.</b></p><p>As a result, several Fed officials said,<b>Their rate hike this year may be larger than previously expected</b>。 Three regional Fed presidents said they could have supported a larger rate hike last month and may support a larger rate hike at the upcoming March meeting.</p><p><b>Recent strong economic data has shifted investors' interest rate expectations</b>。 At the Fed's last meeting, investors in the interest rate futures market expected that,<b>Fed officials will only raise Federal Funds rate once more this year, to a high of 4.9%, and start cutting interest rates this fall</b>。 According to CME group data,<b>On Monday, investors expected interest rates to rise to around 5.5% by the middle of the year and stay there until the end of 2023.</b></p><p>Timiraos said,<b>Investors will carefully analyze Powell's rhetoric for clues as to whether the Fed is likely to rate hike 25 basis points, as widely expected, or whether he may indicate a willingness to rate hike 50 basis points.</b></p><p>However, Timiraos believes that,<b>Powell could be limited in steering markets this week</b>,<b>Because two widely watched economic reports will be released after his testimony and before the next meeting</b>, the two reports may affect officials' deliberations. The U.S. Department of Labor will release the February non-farm payrolls report this Friday, and the U.S. February CPI report will be released next week.</p><p>The U.S. added 517,000 new non-farm payrolls in January, while the unemployment rate fell to 3.4%, its lowest level in 53 years, a figure that shocked economists who had expected a jobs slowdown. Friday's latest non-farm payrolls report may provide some clues as to whether job growth is a flash in the pan or a sign that the economy is accelerating.</p><p>For inflation, the downward trend in inflation at the end of last year was suspended in January. Annual inflation, excluding volatile food and energy items, was 4.7%, up from 4.6% in December, according to the Commerce Department's PCE data.</p><p>Hit by the new crown epidemic, the Federal Reserve kept its Federal Funds rate near zero, but in the past 12 months, it has made more rate hike than at any time since the early 1980s. Officials have slowed down rate hike to see the effects of its moves.</p><p>Tuesday's hearing was Powell's first appearance in Congress since the Fed raised its Federal Funds rate to a range of 1.5% to 1.75% last June. A handful of Democratic lawmakers have been downplaying concerns about inflation, warning Powell against rate hike too fast or too high and expressing concern about the Fed's rush to slow economic growth by seeking to increase unemployment.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://xnews.jin10.com/details/107918\">金十数据</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9c6a36ceb193aa7f7b4a920e3a909ada","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://xnews.jin10.com/details/107918","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145745223","content_text":"面临多份“爆表”的数据,鲍威尔将如何塑造市场预期?周二晚,“新美联储传声筒”、华尔街日报记者Nick Timiraos撰文表示,美联储主席鲍威尔可能会在国会山发出警告,称今年强劲的经济活动或将使美联储的加息幅度超出预期。鲍威尔将于美东时间周二上午10点开始作证(北京时间23点),为期两天。他将接受参议院银行委员会的质询,并将于周三继续接受众议院委员会的质询。这将是他在3月议息会议召开前最后一次就利率政策发表讲话,因为美联储将于本周六进入“缄默期”。继去年11月和12月分别加息75个基点和50个基点后,美联储在上个月放慢了加息步伐。其上个月将利率上调了25个基点,至4.5%至4.75%的区间,目的是继续给经济降温来减轻价格压力。美联储一直试图通过加息来抑制投资、支出和招聘,加息会提高借贷成本,并可能压低股票和房地产等资产的价格。联邦基金利率影响着整个经济中的其他借贷成本。去年12月,大多数美联储官员认为,今年他们将把联邦基金利率提高到5%至5.5%之间,并将这一水平维持到2024年。他们将在即将召开的3月议息会议上提交新的预测。Timiraos称,在2月1日的新闻发布会上,鲍威尔表示,如果经济如官员们预期的那样放缓,他们可能会在3月和5月的每次会议上加息25个基点。但他也警告称,如果经济表现出惊人的强劲势头,美联储可能会进一步加息。鲍威尔在新闻发布会上说:“我们将仔细研究从现在到3月会议之间的数据,如果我们认为我们需要将利率提高到12月所说的水平之上,我们肯定会这么做。”自他发表上述言论以来,几份经济报告显示,1月份的就业、消费者支出和通胀都有所上升。此外,修正后的数据显示,通胀和劳动力需求放缓的程度并不像去年底最初报告的那样。因此,几位美联储官员表示,他们今年的加息幅度可能会超过此前的预期。三位地区联储主席表示,上个月他们本可以支持更大幅度的加息,可能将在即将召开的3月会议上支持更大幅度的加息。近期强劲的经济数据改变了投资者的利率预期。在美联储召开的上次会议上,利率期货市场的投资者预计,美联储官员今年只会再将联邦基金利率上调一次,升至4.9%的高点,并于今年秋季开始降息。根据芝商所的数据,周一,投资者预计利率将在年中升至5.5%左右,并一直保持到2023年底。Timiraos表示,投资者将仔细分析鲍威尔的措辞,以寻找美联储是否可能像普遍预期的那样加息25个基点,或者他是否可能表示愿意加息50个基点的线索。不过,Timiraos认为,鲍威尔本周在引导市场方面可能会受到限制,因为两份受到广泛关注的经济报告将在他作证之后和下次会议之前发布,这两份报告可能会影响官员们的审议。美国劳工部将于本周五公布2月非农就业报告,美国2月CPI报告将在下周公布。美国1月份新增非农就业人数为51.7万,而失业率则降至3.4%,为53年来的最低水平,这一数字令经济学家感到震惊,他们原本预计就业岗位将放缓。周五的最新非农就业报告可能会提供一些线索,说明就业增长是昙花一现,还是经济正在加速的迹象。对于通胀,去年年底通胀的下降趋势在1月份暂缓。根据美国商务部的PCE数据,剔除波动性较大的食品和能源项目后的年通胀率为4.7%,高于去年12月的4.6%。因受到新冠疫情的打击,美联储曾将联邦基金利率维持在接近零的水平,但在过去12个月里,美联储加息的幅度超过了上世纪80年代初以来的任何时候。官员们已经放慢了加息的步伐,以观察其举措的效果。周二的听证会是鲍威尔自去年6月美联储将联邦基金利率上调至1.5%至1.75%区间以来首次在国会露面。少数民主党议员一直淡化对通胀的担忧,他们警告鲍威尔不要加息过快或过高,并对美联储急于通过寻求增加失业率来减缓经济增长表示担忧。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":934,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":234472240578680,"gmtCreate":1698279967707,"gmtModify":1698279971955,"author":{"id":"3582091132450948","authorId":"3582091132450948","name":"Terence_513","avatar":"https://community-static.tradeup.com/news/b88a974714a7fb6c069c91664088950c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582091132450948","authorIdStr":"3582091132450948"},"themes":[],"htmlText":"tesla 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