Federal Reserve Governor Mylan: May continue to serve until the end of January until a successor is confirmed
ChainCatcher news, according to Golden Ten Data, Federal Reserve Governor Milan stated that he is likely to remain in office after his term expires at the end of January next year, until a new governor is confirmed to fill his vacancy. Milan plans to continue serving on the board as Trump considers candidates to succeed Federal Reserve Chairman Powell, who will step down in May. Milan said whether he will continue to dissent on interest rate decisions in the future will depend on the subsequent policy actions of the officials.
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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.
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