Fed's Musalem: No Clear Impact of War on Consumption Detected Yet
On April 16, Fed's Musalem stated that as economic growth slows, the unemployment rate may rise, but the increase may only be a few tenths of a percentage point. Currently, no clear impact of the war on consumption has been detected.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Spot platinum hits $1,620/ounce, down 0.67% intraday.
The US dollar has reached the 6.6900 level against the offshore RMB.
AI concerns outweigh inflation benefits, US dollar sees biggest single-day drop in over a month
Despite the U.S. September PPI posting its largest monthly increase in four years and retail sales exceeding expectations—factors that should have bolstered the dollar—risk aversion triggered by a sell-off in AI-related assets led to a flight to U.S. Treasuries, pushing yields lower and weighing on the dollar. As a result, the dollar fell by 0.3% on Thursday. Analysts noted that the dollar is closely linked to AI capital expenditures, and if the market grows concerned about the peak of AI investments, the dollar would be the first to take a hit.
Crypto prices
More
