#美国7月CPI与PPI数据本周出炉
Federal Reserve official Harmark made several statements today. On one hand, PPI remained flat month-on-month and energy prices plummeted, giving the market a breather; on the other hand, she reiterated that "interest rates must be raised now," and mentioned that excessively rapid growth could put additional pressure on prices. This is quite interesting.
The data itself was weak, and the two-year Treasury yield followed suit. However, officials' statements still emphasized inflation risks and insufficient constraints. This indicates that there is still disagreement within the Fed regarding whether "ease is sufficient." The market is more willing to believe the numbers, but policymakers are more concerned about potential stickiness and secondary pressures from growth.
What's truly worth paying attention to is not today's statement itself, but whether similar voices will become more frequent. If the data continues to be dovish, and officials remain hawkish, then asset pricing will repeatedly tug at the line between "expectations" and "reality."$ETH
Federal Reserve official Harmark made several statements today. On one hand, PPI remained flat month-on-month and energy prices plummeted, giving the market a breather; on the other hand, she reiterated that "interest rates must be raised now," and mentioned that excessively rapid growth could put additional pressure on prices. This is quite interesting.
The data itself was weak, and the two-year Treasury yield followed suit. However, officials' statements still emphasized inflation risks and insufficient constraints. This indicates that there is still disagreement within the Fed regarding whether "ease is sufficient." The market is more willing to believe the numbers, but policymakers are more concerned about potential stickiness and secondary pressures from growth.
What's truly worth paying attention to is not today's statement itself, but whether similar voices will become more frequent. If the data continues to be dovish, and officials remain hawkish, then asset pricing will repeatedly tug at the line between "expectations" and "reality."$ETH