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ABDUSHEKURALI

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- ABDUSHEKURALIABDUSHEKURALI
  ·2023-11-07
  Contact working to in Ethiopia Construction materials Agricultural materials and machinery and water drilling
  Hot Chinese ADRs Drop on Extended Slump in China's Exports
  Hot Chinese ADRs dropped in premarket trading Tuesday as a government report showed China’s exports slumped for a sixth consecutive month in October, reigniting concerns about the strength of the nation’s economic recovery.Alibaba and Baidu fell 1%; NIO, Pinduoduo and JD.com fell 2%; XPeng fell 3%.
  Hot Chinese ADRs Drop on Extended Slump in China's Exports
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- ABDUSHEKURALIABDUSHEKURALI
  ·2023-11-07
  J.M.A general trading company My name is ABDUSHEKUR ALI My working Gneral importer and exporter How get credit trading permit Thanks
  Clover Health Tanks 12% As Healthcare Provider Q3 Sales Miss Estimate
  Clover Health Investments reported quarterly sales of $482.07 million which missed the analyst consensus estimate of $494.60 million by 2.53 percent. This is a 43.74 percent decrease over sales of $856.82 million the same period last year.Clover Health shares tanked 12% in premarket trading Tuesday.Clover Health, a renowned healthcare provider, has recently made a significant revision to its projected 2023 Adjusted EBITDA outlook. As of November 6, 2023, the company has adjusted its estimated ea
  Clover Health Tanks 12% As Healthcare Provider Q3 Sales Miss Estimate
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- ABDUSHEKURALIABDUSHEKURALI
  ·2023-10-20
  $UNITED GREATER CHINA "A" (SGD) ACC(SG9999001093.SGD)$
  Sorry, this post has been deleted
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- ABDUSHEKURALIABDUSHEKURALI
  ·2023-10-20
  Contact working to J.M.A general trading company Advence reson Importer and export pirmit
  Powell Signals Fed to Stay on Hold and Keep Future Hike on Table
  Additional evidence of strong economy may merit hiking: PowellFed chief says rising yields may lessen need for higher ratesFederal Reserve Chair Jerome Powell suggested the US central bank is inclined
  Powell Signals Fed to Stay on Hold and Keep Future Hike on Table
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NIO, Pinduoduo and JD.com fell about 2%; XPeng fell 3%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/db8bf12d115d8b26383f110ea358c8de\" title=\"\" tg-width=\"388\" tg-height=\"727\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","BIDU":"百度","PDD":"拼多多","BILI":"哔哩哔哩","XPEV":"小鹏汽车","JD":"京东","BABA":"阿里巴巴"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163551583","content_text":"Hot Chinese ADRs dropped in premarket trading Tuesday as a government report showed China’s exports slumped for a sixth consecutive month in October, reigniting concerns about the strength of the nation’s economic recovery.Alibaba and Baidu fell 1%; NIO, Pinduoduo and JD.com fell about 2%; XPeng fell 3%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":238923699540000,"gmtCreate":1699368411904,"gmtModify":1699371910853,"author":{"id":"4160479502422902","authorId":"4160479502422902","name":"ABDUSHEKURALI","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4160479502422902","authorIdStr":"4160479502422902"},"themes":[],"htmlText":"J.M.A general trading company&nbsp; My name is ABDUSHEKUR ALI&nbsp; My working &nbsp;Gneral importer and exporter&nbsp;&nbsp; How get credit trading permit&nbsp; Thanks&nbsp;","listText":"J.M.A general trading company&nbsp; My name is ABDUSHEKUR ALI&nbsp; My working &nbsp;Gneral importer and exporter&nbsp;&nbsp; How get credit trading permit&nbsp; Thanks&nbsp;","text":"J.M.A general trading company My name is ABDUSHEKUR ALI My working Gneral importer and exporter How get credit trading permit Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/238923699540000","repostId":"1132071850","repostType":2,"repost":{"id":"1132071850","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1699349407,"share":"https://ttm.financial/m/news/1132071850?lang=&edition=fundamental","pubTime":"2023-11-07 17:30","market":"us","language":"en","title":"Clover Health Tanks 12% As Healthcare Provider Q3 Sales Miss Estimate","url":"https://stock-news.laohu8.com/highlight/detail?id=1132071850","media":"Tiger Newspress","summary":"Clover Health Investments reported quarterly sales of $482.07 million which missed the analyst consensus estimate of $494.60 million by 2.53 percent. This is a 43.74 percent decrease over sales of $856.82 million the same period last year.Clover Health shares tanked 12% in premarket trading Tuesday.Clover Health, a renowned healthcare provider, has recently made a significant revision to its projected 2023 Adjusted EBITDA outlook. As of November 6, 2023, the company has adjusted its estimated ea","content":"<html><head></head><body><p>Clover Health Investments reported quarterly sales of $482.07 million which missed the analyst consensus estimate of $494.60 million by 2.53 percent. This is a 43.74 percent decrease over sales of $856.82 million the same period last year.</p><p>Clover Health shares tanked 12% in premarket trading Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fa00d9950989427ecd7be5e557a3d8ee\" tg-width=\"841\" tg-height=\"618\"/></p><p>Clover Health, a renowned healthcare provider, has recently made a significant revision to its projected 2023 Adjusted EBITDA outlook. As of November 6, 2023, the company has adjusted its estimated earnings before interest, taxes, depreciation, and amortization to a range of ($55) million – ($80) million. This revision comes as a surprise, as it signifies a potential decrease in expected profitability for Clover Health in the upcoming year.</p><p style=\"text-align: start;\">The revised outlook highlights the challenges that Clover Health may face in achieving its financial goals for 2023. While the previous range had projected earnings between ($70) million – ($120) million, the revised figures indicate a potential decline in profitability. This adjustment serves as a cautionary signal for investors and stakeholders, urging them to reassess their expectations for the company’s financial performance.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Clover Health Tanks 12% As Healthcare Provider Q3 Sales Miss Estimate</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nClover Health Tanks 12% As Healthcare Provider Q3 Sales Miss Estimate\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-11-07 17:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Clover Health Investments reported quarterly sales of $482.07 million which missed the analyst consensus estimate of $494.60 million by 2.53 percent. This is a 43.74 percent decrease over sales of $856.82 million the same period last year.</p><p>Clover Health shares tanked 12% in premarket trading Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fa00d9950989427ecd7be5e557a3d8ee\" tg-width=\"841\" tg-height=\"618\"/></p><p>Clover Health, a renowned healthcare provider, has recently made a significant revision to its projected 2023 Adjusted EBITDA outlook. As of November 6, 2023, the company has adjusted its estimated earnings before interest, taxes, depreciation, and amortization to a range of ($55) million – ($80) million. This revision comes as a surprise, as it signifies a potential decrease in expected profitability for Clover Health in the upcoming year.</p><p style=\"text-align: start;\">The revised outlook highlights the challenges that Clover Health may face in achieving its financial goals for 2023. While the previous range had projected earnings between ($70) million – ($120) million, the revised figures indicate a potential decline in profitability. This adjustment serves as a cautionary signal for investors and stakeholders, urging them to reassess their expectations for the company’s financial performance.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132071850","content_text":"Clover Health Investments reported quarterly sales of $482.07 million which missed the analyst consensus estimate of $494.60 million by 2.53 percent. This is a 43.74 percent decrease over sales of $856.82 million the same period last year.Clover Health shares tanked 12% in premarket trading Tuesday.Clover Health, a renowned healthcare provider, has recently made a significant revision to its projected 2023 Adjusted EBITDA outlook. As of November 6, 2023, the company has adjusted its estimated earnings before interest, taxes, depreciation, and amortization to a range of ($55) million – ($80) million. This revision comes as a surprise, as it signifies a potential decrease in expected profitability for Clover Health in the upcoming year.The revised outlook highlights the challenges that Clover Health may face in achieving its financial goals for 2023. While the previous range had projected earnings between ($70) million – ($120) million, the revised figures indicate a potential decline in profitability. This adjustment serves as a cautionary signal for investors and stakeholders, urging them to reassess their expectations for the company’s financial performance.","news_type":1},"isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4160479502422902","authorId":"4160479502422902","name":"ABDUSHEKURALI","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"idStr":"4160479502422902","authorIdStr":"4160479502422902"},"content":"J.M.A general trading contact working to in Ethiopia","text":"J.M.A general trading contact working to in Ethiopia","html":"J.M.A general trading contact working to in Ethiopia"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":232325895549192,"gmtCreate":1697757458336,"gmtModify":1697765838988,"author":{"id":"4160479502422902","authorId":"4160479502422902","name":"ABDUSHEKURALI","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4160479502422902","authorIdStr":"4160479502422902"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/FUND/SG9999001093.SGD\">$UNITED GREATER CHINA \"A\" (SGD) ACC(SG9999001093.SGD)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/FUND/SG9999001093.SGD\">$UNITED GREATER CHINA \"A\" (SGD) ACC(SG9999001093.SGD)$ &nbsp;</a>","text":"$UNITED GREATER CHINA \"A\" (SGD) ACC(SG9999001093.SGD)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/232325895549192","repostId":"1109467290","repostType":2,"isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":232325473615920,"gmtCreate":1697757353528,"gmtModify":1697765804260,"author":{"id":"4160479502422902","authorId":"4160479502422902","name":"ABDUSHEKURALI","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4160479502422902","authorIdStr":"4160479502422902"},"themes":[],"htmlText":"Contact working to&nbsp; J.M.A general trading company&nbsp; Advence reson&nbsp;Importer and export pirmit&nbsp;","listText":"Contact working to&nbsp; J.M.A general trading company&nbsp; Advence reson&nbsp;Importer and export pirmit&nbsp;","text":"Contact working to J.M.A general trading company Advence reson Importer and export pirmit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/232325473615920","repostId":"1109467290","repostType":2,"repost":{"id":"1109467290","kind":"news","pubTimestamp":1697756624,"share":"https://ttm.financial/m/news/1109467290?lang=&edition=fundamental","pubTime":"2023-10-20 07:03","market":"us","language":"en","title":"Powell Signals Fed to Stay on Hold and Keep Future Hike on Table","url":"https://stock-news.laohu8.com/highlight/detail?id=1109467290","media":"Bloomberg","summary":"Additional evidence of strong economy may merit hiking: PowellFed chief says rising yields may lessen need for higher ratesFederal Reserve Chair Jerome Powell suggested the US central bank is inclined","content":"<html><head></head><body><ul style=\"\"><li><p>Additional evidence of strong economy may merit hiking: Powell</p></li><li><p>Fed chief says rising yields may lessen need for higher rates</p></li></ul><p>Federal Reserve Chair Jerome Powell suggested the US central bank is inclined to hold interest rates steady again at its next meeting while leaving open the possibility of a future hike if policymakers see further signs of resilient economic growth.</p><p style=\"text-align: start;\">The comments effectively affirm market expectations for the Fed to skip a rate increase for a second straight meeting when officials gather on Oct. 31 and Nov. 1. The Fed chief also said a recent run-up in long-term Treasury yields, if they persist, could lessen the need for further hikes “at the margin,” echoing his <u>colleagues</u> and underscoring the importance of tightening financial conditions to the rate outlook over the coming months.</p><p>“Given the uncertainties and risks, and how far we have come, the committee is proceeding carefully,” Powell said Thursday at the Economic Club of New York. “We will make decisions about the extent of additional policy firming and how long policy will remain restrictive based on the totality of the incoming data, the evolving outlook, and the balance of risks.”</p><p style=\"text-align: start;\">Yields on two-year Treasuries declined after Powell spoke, while 10-year yields pared an increase that pushed them near the 5% mark. The dollar fell against a basket of major currencies, and the S&amp;P 500 index of stocks, after multiple twists and turns, fell.</p><p style=\"text-align: start;\">“For November, he has clearly sent a signal of pause,” said Laura Rosner, partner at Macropolicy Perspectives LLC. “He expects the economy to cool down in the fourth quarter, and yields are doing some of the work for them.”</p><h3 id=\"id_3240693887\" style=\"text-align: start;\">Protesters Disrupt</h3><p style=\"text-align: start;\">Before beginning his remarks, Powell was briefly escorted out of the room after protesters interrupted the New York event. The demonstrators, who were standing arm in arm, were chanting “end fossil finance” and were forcibly removed from the stage before Powell returned.</p><p>Officials left their policy rate unchanged last month in a range of 5.25% to 5.5% and their forecasts showed 12 of 19 officials wanted one more hike this year. Powell was careful not to rule out the possibility of further tightening in his remarks.</p><p>“Additional evidence of persistently above-trend growth, or that tightness in the labor market is no longer easing, could put further progress on inflation at risk and could warrant further tightening of monetary policy,” he said.</p><p style=\"text-align: start;\">Speaking during a question-and-answer session with Bloomberg TV’s David Westin, Powell added, “I think the evidence is not that policy is too tight right now.”</p><p>Core inflation, excluding volatile food and energy prices, has decelerated to just below 4% on an annual basis and just below 3% on a three-month annualized measure.</p><h3 id=\"id_2485861330\" style=\"text-align: start;\">Economic Strength</h3><p style=\"text-align: start;\">At the same time, recent economic data showed US retail sales exceeded forecasts and industrial production strengthened in September, while nonfarm payroll gains have averaged 266,000 over the past three months, a robust pace.</p><p style=\"text-align: start;\">While three- and six-month measures of core inflation are running below 3%, Powell warned short-term measures are often volatile. “In any case, inflation is still too high, and a few months of good data are only the beginning of what it will take to build confidence that inflation is moving down sustainably toward our goal,” he said.</p><p>Powell also said there’s evidence the Fed’s rate hikes are putting downward pressure on the economy, and said “there may still be meaningful tightening in the pipeline.”</p><p style=\"text-align: start;\">He also cited key risks from geopolitical tensions, which he called “highly elevated.” He said he found the attack on Israel to be “horrifying, as is the prospect for more loss of innocent lives.”</p><h3 id=\"id_710769406\" style=\"text-align: start;\">‘Further Softening’</h3><p style=\"text-align: start;\">The Fed chair said there are signs the labor market is cooling, though he repeated that a “sustainable” return to 2% inflation “is likely to require a period of below-trend growth and some further softening in labor market conditions.”</p><p style=\"text-align: start;\">The speed of the Powell tightening campaign has been the fastest since former Chair Paul Volcker unleashed his attack on inflation in the late 1970s.</p><p style=\"text-align: start;\">An abrupt rise in longer-term Treasury yields since July has prompted some Fed officials, such as Vice Chair Philip Jefferson, to focus more on overall financial conditions as they consider their next move. Two-year Treasury yields rose to a 17-year high Tuesday, while 10-year notes are near their peak for the year.</p><p style=\"text-align: start;\">Powell said the recent surge is mostly due to rising term premiums, detailing several factors that could be causing the increased yield demand from investors, including the central bank’s quantitative-tightening program.</p><p>“They’re revising their view about the overall strength of the economy and thinking even longer term it may require higher rates,” Powell said. “There may be a heightened focus on fiscal deficits. QT could be part of it.”</p><p style=\"text-align: start;\">Fed officials have restated their intention to get inflation back to 2%, though minutes of the September meeting now show they are also weighing the risk of too much restraint and sending the economy into a downturn.</p><p style=\"text-align: start;\">Speaking later on Thursday, Chicago Fed President Austan Goolsbee emphasized the need to keep inflation expectations anchored, which the Fed has been able to do so far because of its credibility and commitment to doing “whatever it takes” to tame price pressures, he said.</p><p style=\"text-align: start;\">“When the inflation expectations become unhinged, the job becomes that much harder, because you have to defeat not just the inflation today,” he said.</p><p style=\"text-align: start;\">His counterpart at the Philadelphia Fed, Patrick Harker, repeated his view that the central bank should hold interest rates steady, but that he’s keeping an eye on data and that he wouldn’t hesitate to support more hikes if needed.</p><p style=\"text-align: start;\">“A resolute, but patient, stance of monetary policy will allow us to achieve the soft landing that we all wish for our economy,” he said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPowell Signals Fed to Stay on Hold and Keep Future Hike on Table\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-20 07:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-10-19/powell-says-fed-proceeding-carefully-leaves-door-open-to-hike?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Additional evidence of strong economy may merit hiking: PowellFed chief says rising yields may lessen need for higher ratesFederal Reserve Chair Jerome Powell suggested the US central bank is inclined...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-10-19/powell-says-fed-proceeding-carefully-leaves-door-open-to-hike?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2023-10-19/powell-says-fed-proceeding-carefully-leaves-door-open-to-hike?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109467290","content_text":"Additional evidence of strong economy may merit hiking: PowellFed chief says rising yields may lessen need for higher ratesFederal Reserve Chair Jerome Powell suggested the US central bank is inclined to hold interest rates steady again at its next meeting while leaving open the possibility of a future hike if policymakers see further signs of resilient economic growth.The comments effectively affirm market expectations for the Fed to skip a rate increase for a second straight meeting when officials gather on Oct. 31 and Nov. 1. The Fed chief also said a recent run-up in long-term Treasury yields, if they persist, could lessen the need for further hikes “at the margin,” echoing his colleagues and underscoring the importance of tightening financial conditions to the rate outlook over the coming months.“Given the uncertainties and risks, and how far we have come, the committee is proceeding carefully,” Powell said Thursday at the Economic Club of New York. “We will make decisions about the extent of additional policy firming and how long policy will remain restrictive based on the totality of the incoming data, the evolving outlook, and the balance of risks.”Yields on two-year Treasuries declined after Powell spoke, while 10-year yields pared an increase that pushed them near the 5% mark. The dollar fell against a basket of major currencies, and the S&P 500 index of stocks, after multiple twists and turns, fell.“For November, he has clearly sent a signal of pause,” said Laura Rosner, partner at Macropolicy Perspectives LLC. “He expects the economy to cool down in the fourth quarter, and yields are doing some of the work for them.”Protesters DisruptBefore beginning his remarks, Powell was briefly escorted out of the room after protesters interrupted the New York event. The demonstrators, who were standing arm in arm, were chanting “end fossil finance” and were forcibly removed from the stage before Powell returned.Officials left their policy rate unchanged last month in a range of 5.25% to 5.5% and their forecasts showed 12 of 19 officials wanted one more hike this year. Powell was careful not to rule out the possibility of further tightening in his remarks.“Additional evidence of persistently above-trend growth, or that tightness in the labor market is no longer easing, could put further progress on inflation at risk and could warrant further tightening of monetary policy,” he said.Speaking during a question-and-answer session with Bloomberg TV’s David Westin, Powell added, “I think the evidence is not that policy is too tight right now.”Core inflation, excluding volatile food and energy prices, has decelerated to just below 4% on an annual basis and just below 3% on a three-month annualized measure.Economic StrengthAt the same time, recent economic data showed US retail sales exceeded forecasts and industrial production strengthened in September, while nonfarm payroll gains have averaged 266,000 over the past three months, a robust pace.While three- and six-month measures of core inflation are running below 3%, Powell warned short-term measures are often volatile. “In any case, inflation is still too high, and a few months of good data are only the beginning of what it will take to build confidence that inflation is moving down sustainably toward our goal,” he said.Powell also said there’s evidence the Fed’s rate hikes are putting downward pressure on the economy, and said “there may still be meaningful tightening in the pipeline.”He also cited key risks from geopolitical tensions, which he called “highly elevated.” He said he found the attack on Israel to be “horrifying, as is the prospect for more loss of innocent lives.”‘Further Softening’The Fed chair said there are signs the labor market is cooling, though he repeated that a “sustainable” return to 2% inflation “is likely to require a period of below-trend growth and some further softening in labor market conditions.”The speed of the Powell tightening campaign has been the fastest since former Chair Paul Volcker unleashed his attack on inflation in the late 1970s.An abrupt rise in longer-term Treasury yields since July has prompted some Fed officials, such as Vice Chair Philip Jefferson, to focus more on overall financial conditions as they consider their next move. Two-year Treasury yields rose to a 17-year high Tuesday, while 10-year notes are near their peak for the year.Powell said the recent surge is mostly due to rising term premiums, detailing several factors that could be causing the increased yield demand from investors, including the central bank’s quantitative-tightening program.“They’re revising their view about the overall strength of the economy and thinking even longer term it may require higher rates,” Powell said. “There may be a heightened focus on fiscal deficits. QT could be part of it.”Fed officials have restated their intention to get inflation back to 2%, though minutes of the September meeting now show they are also weighing the risk of too much restraint and sending the economy into a downturn.Speaking later on Thursday, Chicago Fed President Austan Goolsbee emphasized the need to keep inflation expectations anchored, which the Fed has been able to do so far because of its credibility and commitment to doing “whatever it takes” to tame price pressures, he said.“When the inflation expectations become unhinged, the job becomes that much harder, because you have to defeat not just the inflation today,” he said.His counterpart at the Philadelphia Fed, Patrick Harker, repeated his view that the central bank should hold interest rates steady, but that he’s keeping an eye on data and that he wouldn’t hesitate to support more hikes if needed.“A resolute, but patient, stance of monetary policy will allow us to achieve the soft landing that we all wish for our economy,” he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}