"I think the meeting in May will discuss 50 basis points," Powell said at the International Monetary Fund event in Washington. Powell also said that in the minutes of the March meeting, a number of Fed officials indicated that it was appropriate to raise interest rates by 50 basis points "once or several times" and it was reasonable to put the intensity of large-scale interest rate hikes in the front-end loading period, thus strengthening the market's expectation of raising interest rates by 50 basis points in June.
This activity was Powell's last public appearance before the interest rate meeting in May. The Fed usually raises interest rates by 25 basis points at a time, and raising interest rates by 50 basis points will be the first time since 2000. Investors had expected the Fed to raise interest rates by 50 basis points in May and June, and Powell's signal was in line with market expectations.
Earlier, Brad, the most hawkish Federal Reserve Chairman in St. Louis, had begun to explore the possibility of raising interest rates by 75 basis points at a time, while Daley, the long-time dovish San Francisco Fed Chairman, also said that it was possible to raise interest rates by 50 basis points "many times".
Powell also talked about the shortage of labor market. "(The labor market) is overheated and unsustainable." The task of the Federal Reserve is to restore the demand and supply of labor to a balanced level. Economists worry that the shortage of labor force may trigger a spiral rise in wages and prices, thus exacerbating inflation.
At present, the Federal Reserve is trying to achieve a "soft landing" of the economy through monetary policy, that is, to slow down the economic growth rate to a level that can reduce inflation, without causing a large-scale rise in unemployment rate and triggering an economic recession. "I don't think anyone at the Fed will say that [soft landing] is an easy thing. The challenge is very big. " Powell said.
Boosted by the strong financial reports issued by many companies, the three major stock indexes of the US stock market collectively opened higher, with the Nasdaq gaining nearly 2% in intraday trading. However, after midday, Federal Reserve Chairman Powell made a "hawkish" speech, saying that he would discuss a 50 basis point interest rate hike at the interest rate meeting in May, while San Francisco Federal Reserve Bank Governor Daley even said that the Fed might raise interest rates by 50 basis points at the next two interest rate meetings. At the same time, two senior officials of the Federal Reserve made "hawkish" remarks, which caused the three major indexes of new york stock market to turn from rising to falling. At the close, the Dow fell 1.05%, the S&P 500 fell 1.48%, and the Nasdaq fell 2.07%, hitting a five-week low. On the same day, technology stocks led the decline, with Facebook's parent companies Meta and NVIDIA both falling more than 6%, while Netflix, which plunged more than 35% on Wednesday, narrowed its decline to 3.5% on Thursday.
On Thursday, the three major US stocks closed down. At the close, the Dow fell 368.03 points, or 65,438+0.05%, to 34,792.76 points. The Nasdaq fell 278.4 1 point, or 2.07%, to 13 174.65; The S&P 500 index fell 65.79 points, or 65,438 points +0.48%, to 4,393.66 points.
Large technology stocks generally fell, with NVIDIA down more than 6%, Amazon and Qualcomm down more than 3%, and Google down more than 2%. Precious metals, energy and oil and gas sectors generally fell, with US energy falling more than 6% and gold mining falling more than 5%. Aviation stocks rose against the market, with Continental Airlines up more than 9%, American Airlines and JetBlue up more than 3%. China and active stock generally fell, iQiyi fell by nearly 65,438+05%, Didi fell by more than 9%, Weilaihe fell by more than 5%, Peng Auto and Li fell by more than 4%, and Alibaba fell by more than 3%.
Nasdaq gave an empty order of 14270 yesterday, and the position of the highest rebound of 14283 yesterday gave us an opportunity to enter the market with an empty order. The unilateral decline directly broke through our take profit point, and the bidder made a profit of 3 10 points. Short positions are obvious today. The support of observation 13550 is mainly bearish. Empty orders: within the day 13860- 13880, the light warehouse entered the empty order, and the moderate rebound 13960 entered the empty order. You can fill the gap once at 14060, and the stop loss is above 14 120. See target 65438+.
Yesterday, the German index gave us an empty order of 14880, which didn't give us a chance to enter the market. Unilaterally fell above our entry point 14280, and the short-term hourly line continued to rebound. The closing bulls at the daily level are relatively weak, and the low positions rebound around 14350. The intraday rebound is still dominated by trends. Empty orders: intraday aggressiveness can be short at 14360- 14380, wait steadily for 14400- 14440 to re-enter the market, stop loss 14520, and target 14220.
The Dow has stopped more than one stop loss, falling for four hours in a row, and the daily level closed in yin and yang. It is expected to close below the middle rail of the weekly line this week. We will follow the trend and rebound short. Empty orders: enter the market in a light warehouse at 34880-34920, take a good stop loss according to the firm offer, and wait steadily for a rebound of 35 130-35 180 to short, with a stop loss of 35260. Target 34580 lighten up and 34380 leave.