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After the U.S. stock market crash, the U.S. economy has received three good news, and interest rate cuts may not be in the cards again

2024-08-17

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After the U.S. stock market crash, the U.S. economy has received three pieces of good news, and interest rate cuts may not be on the cards again. So why are the U.S. economic data so good and bad? Will the U.S. cut interest rates in September?

First of all, we need to understand why the world is waiting for a rate cut? Where will the global economy go after the rate cut? Is this rate cut really a sign of the failure of the US financial war?

On the evening of August 15, Beijing time, data released by the U.S. Census Bureau showed that U.S. retail sales in July increased by 1% month-on-month, the highest level since February 2023, and far exceeded the expected 0.4%. This is the first good news for the U.S. economy.

After this data was released, many people felt it was magical. Not long ago, the unemployment rate in the United States rebounded again, reaching 4.3%, even triggering Sam's Law. Everyone believed that the US economy had begun to enter a recession cycle. However, on the one hand, the unemployment rate remained high, and on the other hand, consumption increased, which was obviously contradictory.

On the same day, the US stock market once again saw a big rise, with the Nasdaq soaring 1.8%, the S&P 500 rising more than 1%, and the Dow Jones Industrial Average rising 0.9%. Both the Nasdaq and the S&P saw six consecutive rises. Just a week ago, the US stock market had just experienced Black Monday, when the S&P 500 plunged 4% in one day. Now that the US stock market has rebounded rapidly, is it a sign that the US stock crisis has passed and that the US stock market will usher in another round of rising cycles? The rebound of the US stock market is also the second good news for the US economy.