Federal Reserve's Williams: Cooling job market points to moderately tightening monetary policy
According to Golden Ten Data, ChainCatcher reported that Federal Reserve's Williams stated that the job market is gradually cooling, and this trend points to a moderate tightening of monetary policy.
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The inflation bill has arrived, and Wall Street is starting to discount the "profit feast" of American companies.
Wall Street analysts have lowered their US stock earnings forecasts for the first time in 23 weeks, ending the longest streak of upward revisions since September 2021. High inflation and rising energy costs are squeezing profit margins in sectors such as consumer, raw materials, and finance. The combination of pressure on corporate earnings (the numerator) and rising discount rates (the denominator) is exposing US stocks to significant valuation adjustment risks.
