Core Viewpoint - Powell indicated that interest rates reflect that the U.S. economic situation is better than that of other countries [1] Group 1 - The U.S. economy is showing stronger performance compared to global counterparts, influencing interest rate decisions [1]

Group 1 - The conference marks the 41st Annual Strategic Decisions Conference, featuring Wells Fargo's CEO Charlie Scharf [1][2] - Charlie Scharf has been serving as CEO and President of Wells Fargo since 2019 [2] - The discussion will focus on the current macroeconomic environment and its impact on consumer and corporate behavior [5] Group 2 - There is ongoing concern among consumers and businesses, but it has not significantly affected spending or credit behavior [6] - Strong consumer spending and credit performance are observed, alongside robust performance from corporate clients [6]

Core Viewpoint - The President of the San Francisco Federal Reserve, Daly, stated that the FOMC's monetary policy is prepared to respond to the economic situation in the United States [1] Group 1 - The FOMC is ready to adjust its monetary policy based on the evolving economic conditions in the U.S. [1]

据环球时报援引美国《国会山报》《华尔街日报》等媒体报道，美国副总统万斯当地时间5月在接受采访时称，美联储主席鲍威尔"这 个人不错"，但他同时表示鲍威尔"几乎在所有事情上都错了"。 "好吧，首先，我认为总统对杰罗姆·鲍威尔的看法是正确的。杰罗姆· 鲍威尔，他这个人不错，但他几乎在所有事情上都错了。"万斯在接受福克斯新闻网采访时表示。他随后称，鲍威尔在应对美国前总 统拜登造成的通胀问题时行动迟缓，现在协助特朗普政府反击贸易协议时也反应太迟。 鲍威尔（资料图） 图片上传处理中... 特朗普（资料图） 鲍威尔2017年被特朗普提名为美联储主席，经国会参议院表决批准后上任，经总统拜登2022年提名后获得连任，任期至2026年5月结 束。他去年11月表示，不会主动辞职。特朗普在第一个任期内就曾频繁批评鲍威尔，经常敦促美联储降息，也曾威胁要让鲍威尔走 人。特朗普再次当选总统后，他与鲍威尔的矛盾再次让外界关注。鲍威尔曾表示，依据美国法律，特朗普无权解职自己。 在美联储以及美联储主席鲍威尔在面临美国总统特朗普以及美国总统万斯的施压之下，美联储理事沃勒力挺美联储，沃勒捍卫美联储 独立性：制度经受了时间考验！5月，美联储理事沃勒在 ...

五一小长假正值气候转暖之时，国内旅游活动增加，带动出行消费升温。美国经济仍在放缓，中美有望开启关税谈判。作为消费 观察的重要窗口，国内消费恢复成色几何？全球资产表现如何？海外经济形势有何变化？ 1 .国内经济恢复几何？ 1.1出行： 各方式出行量均较去年增长，地铁客运量创历史新高 核 心 观 点 国内经济恢复几何？ 出行方面， 五一期间跨区域人员流动量大幅增长。交通运输部数据显示，假期前2天全社会跨区域人员流动量约 6.3亿人次，较2019年和2024年分别增长37.1%和5%，其中各种出行方式出行量均较去年实现增长，国际航班执行量创下2020年以来 新高。市内交通方面，地铁客运量创下历史新高，一线城市交通拥堵水平略高于去年同期。 县域旅游热度仍然较高， 假期首日，携 程平台县域旅游订单同比增长近两成，乡村游订单增长超40%。 入境游进一步升温， 携程平台上假期首日入境游保持高位增长势 头，订单量同比上涨141%。 出境游进一步恢复， 携程平台上假期首日出境游订单同比呈现双位数增长，日本、韩国、泰国、马来西 亚、新加坡依旧是内地游客最喜爱的海外目的地。 电影市场表现不佳， 假期前2天，电影票房收入累计约3.6 ...

Core Viewpoint - The article discusses the rising gold prices driven by increased risk aversion, inflation concerns, and changes in the dollar's credibility, suggesting that while short-term volatility may increase, the long-term outlook for gold remains positive [1][2][3]. Group 1: Factors Influencing Gold Prices - Key variables supporting the rise in gold prices include risk aversion, inflation, and the dollar's status [2]. - The current global economic downturn and trade tensions have heightened market risk aversion, leading to a decline in various asset prices, with gold benefiting as a safe-haven asset [2]. - Inflation, while currently less impactful due to a recent drop in the U.S. CPI to 2.4% in March, could become a significant factor if it rebounds in the coming quarters [2][3]. Group 2: Dollar Credibility and Long-term Trends - Concerns over the U.S. fiscal deficit and rapid debt accumulation have weakened investor confidence in the dollar, enhancing gold's appeal as a safe-haven asset [3]. - Long-term projections indicate substantial growth potential for gold prices, driven by inflation, central bank gold purchases, and U.S. debt issues, with models suggesting a significant upward trend over the next decade [3]. Group 3: Short-term Volatility and Risks - Despite a favorable macro environment for gold, the rapid increase in prices (over 25% since the beginning of the year) raises concerns about potential short-term volatility and corrections [4][5]. - Historical precedents show that even in favorable conditions, gold prices can experience significant declines, indicating that price fluctuations are inevitable [6]. Group 4: Federal Reserve Policy Impact - The uncertainty surrounding the Federal Reserve's monetary policy, whether it leads to recession or stagflation, adds complexity to predicting gold price movements [7][8]. - Regardless of the economic scenario, gold is expected to maintain its value, benefiting from its safe-haven status during recessions and its inflation-hedging properties during stagflation [8].