News

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Aggressive 75bp Rate Hike: Can Markets Withstand the Shock?

The Federal Reserve raised its policy interest rate by 75 basis points on Wednesday (early morning of June 16th Beijing time), to a range of 1.5% to 1.75%, intensifying its efforts...

Jun 02, 2024

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JPMorgan Beats Profit Expectations, Bank Sees "Resilient" US Economy

On Friday, JPMorgan Chase reported a decline in profits due to rising costs, but still exceeded expectations. The bank's executives stated that the U.S. consumer is in good shape, ...

Jun 01, 2024

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Dow Plunges 1,400 Points, US Bond Yields Surge, Dollar Hits 20-Year High

U.S. stocks closed sharply lower on Thursday local time. Panic selling emerged, with all three major stock indices giving up the gains from the previous trading day, with the Dow J...

May 29, 2024

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Foreign Exchange Reserve Ratio Cut: Impact on Stock Market

On April 25, the People's Bank of China's website announced: In order to enhance the ability of financial institutions to utilize foreign exchange funds, the People's Bank of China...

May 25, 2024

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Fed Officials Divided on Rate Cuts Amid Market Optimism for US Economy

The Federal Reserve announced the minutes of its September interest rate meeting on Wednesday local time, where officials were divided on the decision to cut rates by 50 basis poin...

May 22, 2024

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"Sharp Yen Devaluation"

On April 15th, the onshore Chinese Yuan (CNY) against the Japanese Yen (JPY) has risen to a new high of 19.86 since the Yuan exchange rate reform in 2015, and it is very likely to ...

May 21, 2024