Fed's Powell Hints At Policy Shifts, Dollar Plunges, Gold Rallies As Investors Flock To Rate-Cut Winners: This Week In The Markets
Fed's Powell Hints At Policy Shifts, Dollar Plunges, Gold Rallies As Investors Flock To Rate-Cut Winners: This Week In The Markets
In a pivotal address at the Jackson Hole Symposium in Wyoming, Federal Reserve Chair Jerome Powell signaled a forthcoming shift in interest rates Friday, stating "the time has come for policy to adjust."
在懷俄明州傑克遜霍爾研討會上的關鍵講話中，聯儲局主席鮑威爾週五表示，利率期貨將迎來轉機，他說"是時候調整政策了"。
His remarks suggest the Fed is on the cusp of easing interest rates, yet Powell emphasized the importance of data-driven decisions, carefully avoiding any commitment to specific timing or the magnitude of those cuts.
他的講話暗示聯儲局即將放鬆利率，然而鮑威爾強調了基於數據的決策的重要性，小心地避免了任何具體的時間或幅度承諾。
As the Fed becomes more confident in inflation gradually returning to its 2% target, Powell emphasized the need to closely monitor the labor market, which he said is showing "unmistakable" signs of cooling.
隨着聯儲局對通脹逐漸回到2%目標的信心增加，鮑威爾強調了密切監測勞動力市場的必要性，他說勞動力市場顯示出"明顯"的降溫跡象。
The anticipation of impending interest rate cuts extended a decline in the dollar, which tumbled to its lowest level in over a year. This shift in policy direction invigorated interest rate-sensitive markets, with small-cap stocks, real estate and regional banks surging as clear beneficiaries following Powell's remarks.
對即將減息的預期延伸了美元的下滑，美元下跌至逾一年來的最低水平。這種政策轉變激發了對利率敏感的市場，小盤股、房地產和區域型銀行成爲鮑威爾講話後的明顯受益者。
Simultaneously, gold — which historically moves inversely to interest rates and the dollar — soared to a record high, surpassing $2,500 per ounce.
與此同時，與利率和美元歷史上呈反向關係的黃金飆升至創紀錄的高位，超過每盎司2500美元。
All major U.S. equity indices ended the week in positive territory, with the S&P 500, represented by the SPDR S&P 500 ETF Trust (NYSE:SPY), rising 1.3%. Small-cap stocks significantly outperformed their large-cap counterparts, as the iShares Russell 2000 ETF (NYSE:IWM) surged 3.4% for the week.
所有主要的美國股票指數在本週收於正值地域，標普500指數代表的SPDR標普500指數ETF（紐交所：SPY）上漲了1.3%。小盤股明顯跑贏大盤股，石油天然氣指數ETF代表的iShares羅素2000指數ETF（紐交所：IWM）上漲了3.4%。
Election-Proof Stocks
抗選股
Market strategist Jay Woods said certain stocks, especially in the defense and cybersecurity sectors, could perform well regardless of whether Donald Trump or Kamala Harris wins the presidency. Notable mentions include Boeing Company (NYSE:BA), Lockheed Martin Corp. (NYSE:LMT) and Palo Alto Networks Inc. (NASDAQ:PANW), alongside Woods' recommended exchange traded funds for diversified exposure.
市場策略師傑伊·伍茲表示，尤其是在國防和網絡安全領域，某些股票無論是唐納德·特朗普還是賀錦麗當選總統，都可能表現得很好。值得一提的是波音公司（紐交所：BA）、洛克希德·馬丁公司（紐交所：LMT）和Palo Alto Networks公司（納斯達克：PANW），以及伍茲推薦的多元化暴露的交易所交易基金。
Job Growth Revised
就業增長修正
The U.S. economy added 818,000 fewer jobs than initially reported from April 2023 to March 2024. This significant revision increases expectations for interest rate cuts, as it suggests the labor market is weaker than previously thought.
從2023年4月到2024年3月，美國經濟新增的就業人數比最初報告的減少了818,000個。這個重大修正增加了對減息的預期，因爲它表明勞動力市場比先前預想的更弱。
EV Ambitions Scaled
調整電動車的野心
Ford Motor Co. (NYSE:F), General Motors Co. (NYSE:GM) and Stellantis N.V. (NYSE:STLA) are reducing their electric vehicle investments due to weakening demand. Ford canceled a planned electric SUV this week, while GM and Stellantis delayed new EV projects, signaling a strategic shift in uncertain market conditions.
由於需求疲軟，福特汽車公司（紐約證券交易所：F）、通用汽車公司（紐約證券交易所：GM）和斯泰拉蒂斯汽車公司（紐約證券交易所：STLA）正在削減對電動汽車的投資。福特本週取消了計劃中的電動SUV，而通用汽車和斯泰拉蒂斯則推遲了新的電動汽車項目，這表明市場狀況不確定，戰略發生了轉變。
Gold Bars Shine
金條的光輝
With gold prices cracking $2,500 per ounce, a standard 400-troy-ounce gold bar is now valued at $1 million. The surge is driven by expectations of Federal Reserve interest rate cuts and a weakening U.S. dollar, boosting gold's appeal to investors.
由於預期聯儲局將降低利率和美元走弱，金價突破每盎司$2,500，一根標準的400盎司金條現在價值$1,000,000。這一漲勢提升了投資者對黃金的吸引力。
Photo created using artificial intelligence via MidJourney.
使用MidJourney的人工智能創建的照片。
譯文內容由第三人軟體翻譯。