Trump says the Federal Reserve Board wants to see the country perform poorly and that interest rates should be lowered.

智通财经2026/10/07 18:41

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U.S. President Trump, when asked about mortgage rates on Wednesday, stated that the Federal Reserve Board "wants to see the country perform badly." The U.S. 30-year mortgage rate rose to its highest level in nearly three years last week. Trump described Fed Chairman Waller as "very outstanding," but added that other members of the Fed Board "seem to want to see the country perform badly, because I think interest rates should be coming down." U.S. Treasury Secretary Bensent, who was with Trump in the Oval Office, said that inflation is high due to energy shocks. "Therefore, once we get through this Iran conflict and the energy market is adequately supplied, inflation will fall back toward the Fed’s target, and both mortgage rates and the 10-year U.S. Treasury yield will come down."

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When asked about mortgage rates on Wednesday, U.S. President Trump stated that the Federal Reserve Board “wants to see the country doing badly.” The 30-year U.S. mortgage rate rose last week to its highest level in nearly three years. Trump described Federal Reserve Chair Walsh as “excellent,” but added that the other members of the Board “in my view, want to see the country doing badly, because I think rates should come down.” U.S. Treasury Secretary Bessent, who was with Trump in the Oval Office, said that inflation is high because of the energy shock. “Therefore, once we get through this Iran conflict, energy markets will be well supplied, inflation will fall back toward the Federal Reserve’s target, and both mortgage rates and the 10-year U.S. Treasury yield will come down.”

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According to information from Zhitong Finance APP, Amazon (AMZN.US) confirmed on Wednesday that it has laid off a small number of employees, mainly from its Stores division responsible for its main e-commerce website. This round of layoffs is the latest small-scale staff reduction since Amazon's large-scale layoffs that began last year and continued into January this year. The previous round involved about 30,000 employees. A person familiar with the matter stated that Amazon cut fewer than 1,000 white-collar employees this time.

智通财经•2026/10/08 03:21

Citi raises TSMC target price to 4,000 New Taiwan dollars, maintains Buy rating

Citi analysts stated in a research report that, driven by robust AI computing demand, the potential expansion of AI agents, and the rise of co-packaged optics (CPO) network cycles, TSMC’s revenue growth rate is expected to remain above 40% through 2027. The analysts noted that most AI chip clients, including Nvidia, AMD, and Broadcom, anticipate accelerated growth, so TSMC’s AI-related revenue may nearly double next year. As a result, Citi expects the market will continue to raise earnings forecasts for TSMC. Citi pointed out that supported by the strong revenue outlook, TSMC’s capital expenditure could further rise to $81 billions in 2027 and $90 billions in 2028. Citi maintains a “Buy” rating on TSMC and has raised its target price from 3,800 to 4,000 New Taiwan dollars.

智通财经•2026/10/08 03:16

GBP/JPY hits 209.00, up 0.07% intraday

GBP/JPY has just reached the 209.00 level, latest quoted at 209.00, up 0.07% on the day.

智通财经•2026/10/08 03:16

INE crude oil main contract breaks through 740 yuan/barrel, rising 6.35% intraday.

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智通财经•2026/10/08 03:16