Group 1: Federal Reserve Decisions - The Federal Reserve decided to maintain the benchmark interest rate unchanged, keeping the federal funds rate target range at 4.25% to 4.5%, marking the fifth consecutive meeting without a change since January [3] - There was a notable internal division within the Federal Reserve, with two governors voting against the decision to keep rates unchanged, which is the first occurrence of multiple dissenting votes since 1993 [3][2] - Following the announcement, major U.S. stock indices experienced a significant drop, with the Dow Jones Industrial Average falling by 0.38% and the S&P 500 decreasing by 0.12% [3] Group 2: Economic Outlook and Inflation - Federal Reserve Chairman Jerome Powell stated that no decisions have been made regarding the September meeting, emphasizing the need to evaluate the latest economic data and trade policy impacts, particularly concerning tariffs and inflation [6] - Powell noted that while there is uncertainty, the overall U.S. economy remains robust, with the unemployment rate at a low level and the labor market close to full employment [8] - Inflation has significantly decreased since mid-2022 but remains slightly above the long-term target of 2%, with the overall personal consumption expenditures (PCE) price rising by 2.5% over the past 12 months [8][9] Group 3: Market Reactions - The market's expectations for a rate cut in September decreased after Powell's comments, with the probability of a 25 basis point cut dropping from 64% to 46% [6] - Gold prices fell over 1.5% in response to the Federal Reserve's decisions and Powell's statements [9] Group 4: Microsoft Performance - Microsoft reported better-than-expected earnings and revenue for the fourth fiscal quarter, with revenue increasing by 18% year-over-year to $64.7 billion, marking the fastest growth in over three years [15] - The company's net profit rose from $22.04 billion to $27.23 billion year-over-year, and Azure revenue grew by 39%, exceeding analyst expectations [15] - Following the earnings report, Microsoft's stock price surged, pushing its market capitalization to approximately $4.1 trillion, making it the second company to surpass the $4 trillion mark after Nvidia [12][15]
凌晨重磅!罕见反对!美股跳水,黄金暴跌!