Macroeconomics


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2024-09-30

[News] Key Focus This Week: Monitoring for Signs of Deterioration in the U.S. Labor Market

Last week, the People's Bank of China introduced significant easing measures targeting interest rates, the real estate market, and the stock market, leading to a nearly 16% rebound in the CSI 300 Index from its low. Meanwhile, although the S&P 500 had already priced in the Federal Reserve's 50 b...

2024-09-27

[News] China’s Industrial Profits Fall in August as Central Bank Unleashes Strong Stimulus for Weak Economy

China's industrial enterprises' profits saw a significant decline in August, according to data released by the National Bureau of Statistics on September 27. In August, industrial profits fell by 17.8% year-over-year, a sharp decline from July’s 4.1% increase, marking a 21.9 percentage point decre...

2024-09-26

[News] U.S. Consumer Confidence Index Plummets in September, Marking the Largest Decline in Nearly Three Years

The U.S. Consumer Confidence Index for September dropped sharply to 98.7 from 105.6 in the previous month, a decline of 6.5%, marking the largest decline since August 2021, according to data released by the U.S. Conference Board on September 24. According to the report, the decline primarily refl...

2024-09-25

[News] RBA Holds Monetary Policy Steady, Interest Rates Remain at 12-Year High

The Reserve Bank of Australia (RBA) announced on September 24 that the cash rate target remain at 4.35%, marking the seventh consecutive month at this level, which is also the highest in nearly 12 years. In the meeting statement, the RBA noted that restrictive financial conditions continue to sup...

2024-09-24

[News] FED Rate Cut Drives Gold Prices to a New All-Time High

The Fed announced a 50-basis-point rate cut last week, sparking expectations of further rate reductions and driving gold prices to new highs. On the 23rd, gold prices surged to an all-time high. On September 23, gold futures on the COMEX, the world’s largest gold futures exchange, soared to a r...

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