The main headlines that the global financial media paid attention to last night and this morning include:

The Federal Reserve's Bostic reiterated that it expects to cut interest rates once this year, but there is room

Atlanta Federal Reserve President Raphael Bostic reiterated his expectations of cutting interest rates once this year, but added that he is open to delaying interest rate cuts or further cuts if the economic situation changes.

Bostic emphasized the continued strength of the US economy and labor market, but said signs of weakness in the job market would prompt him to consider cutting interest rates earlier and more than currently anticipated. Earlier, he said he expected the Federal Reserve to cut interest rates in the fourth quarter.

“I really think the risk is balanced, given that the US economy has always been so strong, strong and resilient — I can't rule out the possibility that interest rate cuts may even have to be delayed even further,” Bostic said on Tuesday.

But he also said, “If I start getting different signals that the labor market will face a lot of pain, then I will be willing to change our policy position and maybe cut interest rates sooner.” The US expects the global oil market to face a small supply gap this year

The US continues to anticipate a slight shortage of global oil supply in 2024, which reinforces expectations of tightening markets.

The US Energy Information Administration (EIA) raised the global demand estimate by 480,000 b/d to 1029.1 million b/d, which is basically in line with the International Energy Agency (IEA) forecast of 103.2 million b/d.

This forecast comes as the world's largest oil traders are increasingly optimistic about the market outlook for the second half of this year. The international benchmark Brent crude oil is close to $90 per barrel. Geopolitical tensions have intensified bullish sentiment, demand has rapidly exceeded expectations, and OPEC+ production cuts have limited global inventories. Boeing Engineers Report 787 Dreamliner Safety Issues, Claiming Improper Assembly and Testing Manipulation　

Boeing once fell 2.5% to its lowest level in five months. Earlier, there were reports that the US Federal Aviation Administration (FAA) was investigating a Boeing engineer's report on the safety of the 787 Dreamliner.

According to the report, the whistleblower claimed that the various parts of the 787 fuselage it works on were not properly fastened together, and over time, this problem could weaken the aircraft's performance. Furthermore, aircraft maintenance and testing were carried out in the wrong way.

In response to the report, Boeing said, “This statement about the structural integrity of the 787 is inaccurate. Boeing has taken comprehensive measures to ensure the quality and long-term safety of the aircraft, and the company's engineers are completing detailed analysis under the supervision of the FAA to determine whether long-term inspection and maintenance is necessary.”

Intel releases Gaudi 3 artificial intelligence chip, company says performance exceeds Nvidia H100

Intel will launch a new version of its artificial intelligence chip, challenging Nvidia's dominance in this field.

Intel said at a company event early Tuesday that the upgraded processor, called Gaudi 3, will be fully launched in the third quarter. The chip aims to improve performance in two key areas. One is to help train artificial intelligence systems, and the other is to run the finished software.

Strong demand for artificial intelligence services has prompted tech companies to rush to buy these so-called accelerator chips, but Nvidia has taken away most of the cake. Intel CEO Pat Gelsinger said that earlier versions of Gaudi failed to achieve the market share growth Intel had always hoped for. He expects the new version to have a greater impact.

According to Intel's assessment, Gaudi 3 will be faster and more energy efficient than Nvidia's H100. Striving to break through in the field of cloud computing, Google promotes the AI model Gemini to corporate customers

At Google's annual cloud computing conference in Las Vegas on Tuesday, Cloud Business CEO Thomas Kurian showed how Gemini, Google's most powerful artificial intelligence model, can be used to create advertisements, combat cybersecurity threats, and produce short videos and podcasts.

Enterprise customers can link Gemini's query responses to reliable sources of information, the so-called grounding (grounding). Kurian said the company is promoting the use of Google search results as a source of answers to artificial intelligence models to provide greater accuracy and freshness.

“Companies have been experimenting with many scenarios of generative artificial intelligence with us; now they are deploying in production,” Kurian said in an interview before the announcement. “Capabilities such as grounding, improving the accuracy of answers — all of these, people have gradually adapted, saw value, and so deployed.” Goldman Sachs: The ECB is expected to cut interest rates continuously starting in June

Goldman Sachs chief European economist Jari Stehn believes that the ECB's policy message is unlikely to be significantly adjusted this week. Interest rate cuts are likely to begin in June, and continuous action is expected in the initial phase.

“Looking at it now, I think we need to see more data to prove that inflation continues on a downward trajectory. The central bank's message is unlikely to change significantly this week,” Stehn said. He pointed out that weak demand, a slowdown in wage growth, and inflation expectations indicate that the first interest rate cut is near.

Stehn expects that the ECB will repeat this week that it will see a lot of data by June, at which time it can decide whether to start cutting interest rates. “So I think it's very likely that interest rates will be cut in June,” he said. The ECB will announce the latest interest rate decision at 14:15 on April 11, Frankfurt time. The market generally expects it to stand still.