Core Viewpoint - President Trump expresses extreme dissatisfaction with the Federal Reserve's monetary policy, urging for interest rate cuts similar to the European Central Bank's approach, citing declining prices in the U.S. economy [1] Group 1: U.S. Economic Context - Trump's criticism of Fed Chair Powell, referring to him as "Mr. Too Late," suggests that the current stance on interest rates is detrimental to the U.S. economy [1] - The Federal Reserve's monetary policy is primarily influenced by economic data, including CPI, PCE, and unemployment rates, with rate cuts contingent on negative economic indicators [1] - Despite Trump's public discontent, Powell maintains that the Fed operates independently and is not swayed by political pressure [1] Group 2: Currency Market Dynamics - The dollar's fluctuations are significantly impacted by the Federal Reserve's monetary policy, with short-term factors driving a rebound in the dollar index, which fell to a low of 100.88 [1] - Non-U.S. currencies, particularly the British pound, have rebounded in response to the dollar's weakness, with the pound reaching a high of 1.3314 [1][3] Group 3: Bond Market Insights - The UK 3-month bond yield is at 4.32%, higher than the 6-month yield of 4.24%, indicating a potential interest rate cut by the Bank of England in the next 3-6 months [5] - The U.S. 3-month bond yield stands at 4.39%, also suggesting a likelihood of the Federal Reserve restarting rate cuts within a similar timeframe [6] - The bond market's yield trends are viewed as more reliable indicators compared to the Fed's current stance, implying a sustained bearish outlook for the dollar and continued benefits for the pound [6]
ATFX汇市:特朗普批评美联储,通道线支撑英镑大反弹
Sou Hu Cai Jing·2025-05-14 09:39