Inflation Reaches Over 3-Year Lows, Rate Cuts Are Getting Closer, Trump Dominates Debate: This Week In The Market
Inflation Reaches Over 3-Year Lows, Rate Cuts Are Getting Closer, Trump Dominates Debate: This Week In The Market
The Federal Reserve's most closely monitored inflation measure — the Personal Consumption Expenditure price index — reached its lowest level since March 2021 in May, registering an annual rate of 2.6%, in line with economist expectations.
聯邦儲備局最重要的通脹衡量指標——個人消費支出物價指數在5月觸及2021年3月以來的最低水平，年率爲2.6%，符合經濟學家的預期。
The inflation figures released Friday indicate that price pressures are trending toward the Fed's 2% target, solidifying market expectations for interest rate cuts. September is now seen as the most likely month for the first rate cut, followed by another by the end of the year, and potentially three more next year, according to market prediction data.
週五公佈的通脹數據表明，價格壓力正在趨近於聯邦儲備委員會的2%目標，鞏固了市場對降息的預期。根據市場預測數據，9月現在被視爲首次降息的最有可能的月份，其次是年底再降息一次，明年可能還會再降息3次。
The first presidential debate concluded with a spike in Donald Trump's win probabilities to about 60%, as President Joe Biden's performance was widely viewed as disappointing. The odds of Biden being replaced have increased with just about four months left until the election.
第一場總統辯論結束後，唐納德·特朗普的獲勝概率出現了飆升，達到了大約60%，因爲人們普遍認爲喬·拜登的表現令人失望。距離選舉還剩約四個月，替代拜登的可能性已經增加。
Economists say the policies of both candidates are inflationary and fail to meaningfully address the fiscal and debt issues facing the U.S. economy.
經濟學家表示，兩位候選人的政策都存在通脹風險，未能有效解決美國經濟面臨的財政和債務問題。
FedEx Corp. (NYSE:FDX) and Carnival Corp. (NYSE:CCL) led the week's best performances within the S&P 500, with both posting double-digit share price increases amid strong earnings reports and optimistic guidance. Conversely, Walgreens Boots Alliance (NASDAQ:WBA) and Nike Inc. (NYSE:NKE) each plummeted over 20% due to disappointing quarterly results.
聯邦快遞公司（紐約證券交易所：FDX）和嘉年華（紐約證券交易所：CCL）是標普500指數上漲最大的表現者，由於出色的業績和樂觀的業績預期，兩者的股價均大漲兩位數。相反，沃爾格林-聯合博姿（納斯達克：WBA）和耐克公司（紐約證券交易所：NKE）的股價均下挫20%以上，原因是季報結果令人失望。
Market Breadth Warnings
市場廣度警告
Veteran investor Ed Yardeni warns of a "bad breadth" problem in the stock market, with performance heavily reliant on Nvidia Corp. (NASDAQ:NVDA). This dependency on a few tech stocks increases the risk of a market downturn if these investor darlings falter.
資深投資者埃德·雅爾德尼警告說，股市存在“廣度不良”問題，其表現嚴重依賴英偉達公司（納斯達克：NVDA）。如果這些備受投資者青睞的科技股出現問題，將增加市場下跌的風險。
Banks Show Resilience
銀行表現出強大的韌性
American banks have proven solid and resilient in maintaining minimum capital requirements even in highly adverse economic scenarios, as demonstrated by the latest Federal Reserve stress tests released this week. Yet institutions might still face greater losses than those projected in the previous year's assessments.
美國銀行在最新公佈的聯邦儲備委員會壓力測試中，即使在極度惡劣的經濟情況下最低資本要求也得以維持，這表明銀行非常堅實和有韌性。然而，機構可能仍將面臨比上一年度評估中預期的更大損失。
Pandemic Savings Depleted
大流行時期的儲蓄已經被消耗殆盡
U.S. household pandemic savings have dwindled, leading to rising delinquencies and record-high debt. The Federal Reserve Bank of San Francisco estimates that excess savings peaked at $2.1 trillion in August 2021 but are now fully depleted. Economists warn that consumers' financial stability is now tied to current income.
美國家庭的疫情儲蓄已經枯竭，導致拖欠貸款的情況正在上升，債務創下歷史新高。舊金山聯邦儲備銀行估計，多餘的儲蓄在2021年8月達到了2.1萬億美元的峯值，但現在已經全部用完。經濟學家警告說，消費者的財務穩定現在與收入有關。
Tesla's New Models
特斯拉的新車型
A Goldman Sachs analyst predicts Elon Musk will launch lower-cost Tesla Inc. (NASDAQ:TSLA) models soon, including a smaller Model 3 and a van, with the more affordable Tesla vehicles potentially selling at least 100,000 units per year.
高盛的一位分析師預測，埃隆·馬斯克很快將推出更低成本的特斯拉汽車（納斯達克：TSLA）車型，包括更小的Model 3和一款貨車，更實惠的特斯拉汽車可能每年至少賣出10萬輛。
Photo via Shutterstock.
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。