news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

the federal reserve will announce its september interest rate decision in a highly anticipated announcement.

bitcoin diving

in the evening, u.s. stocks were mixed.

gold and silver took a small dive.

as for bitcoin, after experiencing a rise in the previous two days, it also plunged. coinglass data showed that in the past 24 hours, more than 60,000 virtual currency positions were liquidated.

in europe, major stock indices in the uk, france and germany all turned red.

the federal reserve will announce its september interest rate decision

on the news front, the federal reserve is scheduled to announce its september interest rate decision at 2 a.m. beijing time on thursday.

fed chairman powell said in late august that the time has come to cut interest rates, almost "explicitly" indicating that the fed will announce a rate cut at its monetary policy meeting in september. however, data released last week showed that the us core cpi rose 3.2% year-on-year in august, exceeding market expectations, which cooled market expectations for a sharp rate cut by the fed.

previously, the market generally expected the fed to cut interest rates by 25 basis points. among the major wall street banks, only jpmorgan chase expected the fed to cut interest rates by 50 basis points today. most institutions believed that the fed would cut interest rates by 75 basis points before the end of the year. citigroup predicted that there would be two interest rate cuts of 50 basis points each after the september meeting.

however, jeremy siegel, a professor at the wharton school of business known as the "godfather of the stock market," recently wrote that the federal reserve should consider a larger interest rate cut, otherwise it will face the risk of economic recession.

in addition, tonight, the united states continues to release relevant economic data:

the total annualized number of new housing starts in the united states in august was 1.356 million, in line with expectations of 1.31 million. the previous value was revised from 1.238 million to 1.237 million.

u.s. new housing starts rose 9.6% month-on-month in august on an annualized basis, in line with expectations for a 5.8% increase. the previous value was revised from a 6.8% decrease to a 6.9% decrease.

the initial value of the annualized total number of building permits in the united states in august was 1.475 million, which was expected to be 1.41 million and the final value in july was 1.406 million.

the initial reading of u.s. building permits in august rose 4.9% month-on-month, in line with expectations for a 1.4% increase, and the final reading in july fell 3.3%.