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FOMC Preview: No Rate Cut but Powell Might Provide Clearer Easing Schedule
The Fed is expected to raise inflation and neutral rate outlook due to higher CPI this year but likely revise down GDP growth. Economists also expect the median participant to reduce the scope of cuts from 75 bps to 50 bps.
Economists warn that the US stock market bubble will eventually burst, and nvidia may plummet as much as 98%.
American economist Harry Dent says the US stock market could experience a sharp downturn, leading to a more severe crash than what investors saw during the Great Financial Crisis of 2008 and 2009. The Harvard Business School alumnus has been predicting a major market crash and ensuing economic downturn for years, and now he's issuing another warning about market conditions. Dent says the stock market looks like it's in a "bubble" due to excessive loose monetary and fiscal policies over the past decade that have pushed asset prices higher.
The US stock market's "long vs. short" battle is reaching a climax! CPI collides with the Fed's interest rate decision, with intense fluctuations waiting to happen.
JPMorgan's trading department listed potential fluctuations in the US stock market after inflation data was released; Citigroup's trading department expects implied volatility to rise due to CPI and the Federal Reserve's interest rate decision.
Overnight News: Apple holds WWDC24 developer conference, French election shakes investor confidence, Musk says he will ban Apple devices from his company.
For more global financial information, please visit the real-time financial news 7x24. Market closing: S&P and Nasdaq hit new highs, market attention to Fed policy meeting. June 10th Top 20 US stocks by turnover: Taiwan Semiconductor plans to raise prices for Nvidia, and the stock price hits a historical high. US WTI crude oil rose 2.9% on Monday, and Goldman Sachs said there will be a shortage of crude oil supply in the next few weeks. June 10th Top 20 US stocks by turnover: Taiwan Semiconductor plans to raise prices for Nvidia, and the stock price hits a historical high. Major European stock market indices fell, and France's CAC40 index fell more than 1%. Macro level: Early French elections shake investors' confidence in the economy.
Apple Intelligence Coming Soon, S&P + Nasdaq Hit Records | Wall Street Today
The market climbed Friday, and indexes grew slightly, placing the S&P 500 and the Nasdaq just over the hurdle for two more record closes. By the close, the
S&P 500, Nasdaq Close ATH Monday With FOMC Decision Looming | Market Story
Indexes were lower on Monday while the market gears up for a macroeconomic-packed week. The FOMC will release its June rate decision on Wednesday.