Fed not discussing possibility of rate hike
U.S. stocks have fluctuated between modest gains and losses since the minutes of the Federal Reserve's December meeting showed that nearly all policymakers saw increased upside risks to the inflation outlook, according to financial website Marketwatch. The latest minutes showed that Fed officials did not discuss a possible rate hike in December. Officials believe that if inflation remains high, the Fed could leave rates unchanged or ease monetary policy at a slower pace.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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