鲍威尔认为美国股市估值相当高

Core Viewpoint - Federal Reserve Chairman Jerome Powell indicated that the current valuation of the U.S. stock market is quite high, which led to a decline in the major U.S. stock indices following his remarks [2] Group 1: Economic Outlook - Powell reiterated his cautious stance on monetary policy, which dampened the market's recently ignited enthusiasm [2] - The U.S. economy is facing a dual challenge of a weak labor market and the risk of inflation rebounding, making it difficult for the Fed to make significant and rapid rate cuts [2] - Morgan Stanley predicts that the U.S. economy will further decline in the latter half of the year if the Fed continues to hesitate in loosening monetary policy, potentially increasing negative pressures on the economy [2] Group 2: Market Reactions - The recent comments from Powell have created a state of uncertainty in the market, further exacerbating the unpredictability of the U.S. economy [2] - The Fed's recent decision to cut rates by 25 basis points did not alleviate concerns, as Powell's statements overshadowed the rate cut [2]