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Despite the president’s Jerome Powell and the base of the database, Donald Trump itself can prove that it is the biggest obstacle in such a way.
Since he wins the Oval office President Trump pushed Powell And the Federal Open Market Committee (FOMC) reduced the interest rate and reduced from 4.25 to 4.5% from the current level.
Despite the will of the President, Powell refused to do so far. Indeed, the analysts continue to be this work in the face of sustainable uncertainty about the basics of the American economy.
Tariff has uncertainty He has blocked an obstacle without cutting by FOMC. The cause of the FOMC is that the inflation effect of economic sanctions is still unknown. Keeping inflation under control is one of the Fed’s mandates.
So Voting members may decide what consumers and businesses react to how Prior to reducing the main ratio, the full-time tariffs may lead to an increase in economic activity – potentially increase prices.
Last week, Trump did little to strengthen the position of American tariffs. The 90-day break was announced after the ‘Freedom Day’ in April after closing at the end of the end The President still pushed the deadline for transactions until August 1.
Levels of proposed tariffs are also changing day by day to nations that do not agree with the European Union of European Union It is much higher than 20%, a total of months was threatened.
On one night, President Trump shared a number of letters sent to foreign governments to establish sanctions to avoid an agreement. Japan and South Korea are now facing a 25% increase in all the goods, according to the president’s SOCA, Laos and Myanmar will face a 40% fee.
American investors are not seemingly excited by updates from the Oval Office. The S & P 500 decreased by 0.8% yesterday, Half 0.9% and down Dow Jones 0.9% down. S & P futures contracts this morning, premarket.
Although Trump’s recycling efforts were severely hit by trade, this morning was relatively straight in trade. Nifty 50 and Nikkei 225, Hong Kong’s hanging index was more than one point.
Europe, perhaps now, FTSE and Germany’s small earnings of London’s FTSE and Germany, now, London’s FTSE and Germany remained quietly calm.
UBS analyst Paul Donovan said that foreign markets did not believe in Trump’s threats: “Every Trump has been wasted to analyze the social media post when it is thinking of future retreat.”
An argument to be late
The nearest problem for the Trump will do little to convince the cutting of variable tariff expectations of the variable tariff.
Deutsche wrote in a note sent as Jim Reid Fortune This morning: “After sending the articles, the President signed an executive order that effectively delays the current 10% tariff speed and giving more time to meet the trade requirements of the White House.
“The president continued to signal on August 1,” There are 100% ‘and “maybe that they may be able to adapt a little.”
Reid continued: “This (White House Advisor), Peter Navarro, Power Navarro, Powell’s policy of” acute financial pain “and Powell voluntarily, the Board must act strongly to prevent economic losses.”
“The sample value, the last tariff letters and end dates will be pushed to August 1, due to the extension of uncertainty, the deterioration of September will be more difficult, if there is no strong proof of a bad economy.”
Wait
On the contrary, last night Goldman Sachs, all 3-6, 6 and 12 months forecasts, + 3% (up to 6,400), + 6% (6,600), + 11% (up to 6900)
Kapital team was justified: “Earlier and deeper dietary productivity continues to be the main strength of the largest stocks, and support 22x (20.4x) forecast to support the intensive desire to earn the closest time. Previous index goals 5900, 6100 and 6500, respectively
They added: “From our economists” Fed “in September, 25 consecutive 25 BP cuts in September this year, and quarters of a quarter in 2026”
Image of action before the opening call in New York:
- S & P futures were flat this morning.
- The S & P 500 index lost 0.79% yesterday.
- South Korean Kospi increased by 1.81% this morning.
- Hong Kong’s hanging Seng Rose 1%.
- China’s CSI 300 rose 0.84%.
- Japan’s Nikkei increased by 225 by 0.26%.
- Britain’s FTSE 100 was flat in early trade.
- Bitcoin sits from $ 108k.
- Stoxx Europe was marginalized in early trade in 600.
