2024-12-14 01:06:36
European Central Bank President Lagarde: The European Central Bank did not discuss neutral interest rates this week. Many things will become clear in the next few months, not in the next few weeks.Analysis: Lagarde's speech increased the market's bet to cut interest rates by 50 basis points. In December, the European Central Bank lowered its economic forecast and inflation forecast. At the press conference, European Central Bank President Lagarde paid attention to the downside risks of economic growth, especially mentioning that trade friction may put pressure on economic growth, and also mentioned that they discussed cutting interest rates by 50 basis points. Therefore, the atmosphere of the whole meeting is biased towards doves. The market then increased its bet on a 50 basis point rate cut after January. Although the possibility of a sharp interest rate cut in January is stable at 30%, the possibility of a 50 basis point interest rate cut in March has increased from 30% before the meeting to 40%, and the possibility of a 50 basis point interest rate cut in April has increased from 0% to 5%.Market News: Japan and the United States are looking for technologies to counter the threats of biology and misinformation.
The stock price of RIOT platform rose 12% before the market closed. On the news, STARBOARD VALUE took a stake in bitcoin mining company RIOT.European Central Bank President Lagarde: The European Central Bank did not discuss neutral interest rates this week. Many things will become clear in the next few months, not in the next few weeks.European Central Bank President Lagarde: Labor cost growth will slow down.
Trump: If Kennedy Jr. takes action, he will have a "big discussion" on ending the children's vaccination program.US President-elect Trump told Time that he is a big fan of electric vehicles, "but not everyone is like this".European Central Bank President Lagarde: Enterprises are curbing investment, exports are weak, and labor demand continues to weaken. The employment opportunities created are decreasing, so economic development should be strengthened, and the economic rebound is slower than expected.