Nvidia(US:NVDA) Sou Hu Cai Jing·2025-07-19 04:03Core Viewpoint - The global financial market is experiencing turbulence due to the Federal Reserve's hawkish stance on interest rates, with significant implications for various sectors and companies [1][3]. Group 1: Federal Reserve's Stance - Dallas Fed President Logan emphasized that interest rates must remain restrictive for at least 6-12 months, dampening market expectations for rate cuts [3]. - The June CPI data showed an overall inflation rate of 2.7% and core inflation at 2.9%, which is still above the Fed's 2% target, supporting Logan's firm position [3]. - Following Logan's speech, the 30-year U.S. Treasury yield surpassed 5% for the first time since June, indicating rising borrowing costs [3]. Group 2: Political Dynamics - President Trump publicly criticized the Federal Reserve, calling for a 3% rate cut, arguing it could save the government $1 trillion annually [5]. - The selection process for Powell's successor has begun, with indications that Trump's senior economic advisor, Kevin Hassett, is a leading candidate, which could signal a shift in Fed policy [6]. Group 3: Trade War Implications - Trump announced a 30% tariff on goods from the EU and Mexico, escalating trade tensions and increasing geopolitical risks [6]. - The market's reaction to these tariffs has been mixed, with gold prices supported as a safe haven, while the strengthening dollar has put pressure on gold prices [6]. Group 4: Market Reactions - Nvidia's stock rose 4% after the U.S. government approved its export of AI accelerators to China, reflecting a significant shift in U.S.-China tech policy [7]. - The MSCI Asia-Pacific index fell by 0.1%, with concerns over rising U.S. Treasury yields affecting market sentiment across Asia [8].