Will Biden's "Immigration Order" be the "Last Straw" for the US economy?

The "cold" and "hot" of immigration data are currently affecting the expectations of the US economy, which is fluctuating between pessimism and optimism. Recently, President Biden announced an executive measure aimed at significantly restricting illegal immigration. Specifically, the policy stipulates that when the daily average number of illegal entries at the US-Mexico border entry ports reaches 2,500 within a week, asylum applications for illegal immigrants at the US-Mexico border will be closed and illegal immigrants caught crossing the border may be swiftly deported or returned to Mexico. Only when this number drops to 1,500 will it be reopened. Sam D Coffin, an analyst at Daiwa Securities, wrote in a recent report.

wallstreetcn08:20 ET

US CPI and the Federal Reserve are coming together, making for an exciting market on Wednesday.

This Wednesday, the global market will see two major economic events: the release of the US Consumer Price Index (CPI) report and the Federal Reserve interest rate decision. Citigroup's head of US stock trading strategy, Stuart Kaiser, said that the options market predicts that these two events could cause a daily fluctuation of up to 1.25% in the S&P 500 index, the largest expected fluctuation in the market since March 2023, prior to the Federal Reserve's decision. Kaiser explained that in the past year, the expected volatility for the CPI release date and the Federal Reserve decision date has been usually at 0.75%, and therefore, this prediction is notable.

wallstreetcn06:22 ET

Will the tech stocks cause another wave this week with the heavy release of CPI data and Federal Reserve resolution?

As a new week begins, the market is shifting its focus to data such as the June Fed interest rate decision and key inflation data to be released on Wednesday. The preliminary value of the June Consumer Confidence Index is also expected to be released on Friday.

Zhitong Finance03:49 ET

Non-farm payrolls lead to a cooling of the Fed's interest rate cut expectations, with some institutions stating that there is no need to be too pessimistic.

After the release of May non-farm payroll data, futures traders have reduced expectations of a Fed rate cut. Blackrock said that investors should not be too pessimistic and believe that the FOMC can still start cutting interest rates by 25 basis points at the September meeting, hoping for one more rate cut this year. Citigroup currently expects the Fed to take no action before September, but will continue to cut rates thereafter.

FX678 Finance19:37 ET

Where will oil prices go with OPEC+ production cuts and expectations of a Fed interest rate cut?

This week, the crude oil product market experienced another round of fluctuations under the dual influence of OPEC+'s production guarantee and US employment data. In Friday's (June 7th) trade, both WTI and Brent crude oil futures prices fell slightly, marking the third consecutive week of declining oil prices.

FX678 FinanceJun 8 00:25 ET

Unraveling the mystery of the sharp increase in US non-farm employment in May and the rebound in unemployment rate.

The discrepancy between non-farm data and unemployment rate is due to the difference in survey methods. The actual unemployment rate of 3.96% is not significantly different from the expected 3.9%.

Zhitong FinanceJun 8 00:12 ET