Midday Key Developments on May 12

金色财经2026/05/12 04:08

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7:00-12:00 Keywords: CPI, an investment institution, Walsh1. The US Department of Labor will release April CPI data tonight at 20:30;2. Walsh has passed the key procedural vote, and the handover of the Federal Reserve chairmanship has entered the countdown;3. The Trump administration has asked the court to pause the ruling on the 10% global tariff;4. An investment institution spent $5.5 million to increase its holdings of Circle stock, which surged 16% thanks to its Q1 earnings report;5. Wedbush: Forecasts the Nasdaq will challenge the 30,000 mark in the coming year, suggests deploying across the full AI industry chain;6. Arthur Hayes: The Bitcoin bull market actually started at the end of February, and expects that a break above $90,000 will accelerate the uptrend;7. Tom Lee: Over the past year, Ethereum supply has continued to contract. The bid from crypto treasury companies and staking activities are reinforcing this trend.

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Deutsche Bank points out that as central banks in the US, Europe, and Japan are tightening policy simultaneously, the market may still be underpricing the eventual terminal rates. With oil prices remaining high, inflation may spill over into core inflation and wages. Moreover, financial conditions have not tightened in tandem, which could weaken the effect of rate hikes. Citing the experience of 2022, Deutsche Bank notes that the market then expected a total of around 200 basis points of Fed rate hikes in the first year, but the final figure exceeded 400 basis points, illustrating that the market often underestimates the terminal rate.

华尔街见闻•2026/09/21 16:11