Economists predict the Federal Reserve will cut interest rates twice this year, concerns arise over the nomination of Waller.
ChainCatcher news, according to Golden Ten Data, based on a Bloomberg survey, economists have postponed their expectations for the next Federal Reserve rate cut from March to June, but still anticipate two rate cuts of 25 basis points each before the end of this year. The survey shows that nearly one-third of economists are concerned about Kevin Warsh, the candidate nominated by Trump for chairman. The median of the survey indicates that economists expect interest rates to be in the range of 3% to 3.25% by the end of this year.
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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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