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12:36
The market has scaled back Fed rate hike expectations, pushing the rate hike timeline from October to December.
BlockBeats News, July 2nd. The US short-term interest rate futures surged after the non-farm payroll data was released, leading to a reduction in market expectations of a Fed rate hike. The market had already priced in the expectation of a December rate hike by the Fed, shifting from the previous expectation of a rate hike in October.
12:35
Federal Reserve's Daly: Fed policy remains slightly restrictive
Golden Ten Data July 2|Federal Reserve's Daly: Inflation has risen due to tariff and oil price shocks. Oil prices have retreated, and I hope related pressures can be eased. Federal Reserve policy remains in a slightly restrictive state, which should help bring down inflation. There is a scenario in which economic growth cannot be sustained. There is also a scenario in which the Federal Reserve may have to continue fighting inflation.
12:34
Daly: We are in the early stages of AI boosting productivity
Daley stated that we are at an early stage where artificial intelligence may bring exponential growth in productivity; if central banks act too quickly, they will suppress the economy prematurely, while acting too slowly will have adverse effects on the public.
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