Nigel Green, CEO of deVere Group, said that part of the reason Trump won the election was due to Americans' dissatisfaction with inflation, but he may not be able to cool down prices as voters expect. Trump's promise to impose tariffs on imported goods may have the opposite effect, as importers may pass on the additional costs to consumers. Green said, "Although the goal is to protect American businesses, the reality is that these tariffs may exacerbate the inflationary pressures that Trump promised to alleviate."
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Agency: Trump will not do what voters want in reducing inflation
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NVIDIA's Fiscal Year 2028 Revenue Outlook Exceeds Market Expectations, Pre-Market Up Nearly 6%
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NVIDIA's 2028 Fiscal Year Revenue Outlook Exceeds Market Expectations, Pre-Market Up Nearly 6%
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Nvidia's 2028 Fiscal Year Revenue Outlook Exceeds Market Expectations, Pre-Market Up Nearly 6%
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China and the U.S. Maintain Communication on Presidential Interaction This Year
On August 27, today, Foreign Ministry spokesperson Lin Jian hosted a regular press conference. A reporter asked about the high-level interactions between China and the U.S. In response, Lin Jian stated that both sides are maintaining communication regarding the arrangements for presidential interaction this year. (CCTV News) -
China and the U.S. Maintain Communication on Presidential Interaction This Year
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Ministry of Commerce Responds to U.S. Consideration of Additional 7.5% Tariff on China
On August 27, the Ministry of Commerce held a regular press conference. Spokesperson Huang Ling responded to questions regarding the U.S. government's consideration of imposing an additional 7.5% tariff on goods imported from China. She stated that the U.S. initiated a Section 301 investigation against 16 economies, including China, citing 'overcapacity' as a reason. This politicization of economic and trade issues is a typical act of unilateralism and protectionism, which China firmly opposes. We will continue to closely monitor and comprehensively assess the subsequent actions of the U.S. and reserve the right to take all necessary measures. (Xinhua News Agency) -
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On August 27, Reto Cueni, Chief Economist at Stifel Group, stated in a report that the market may slightly increase expectations for a Federal Reserve rate hike at the September meeting. However, he noted that the majority of the market still likely expects the Fed not to raise rates, and Stifel Group itself currently does not anticipate a rate hike. Cueni said, "At present, we continue to maintain the view that the Fed will not raise rates further in the second half of this year." According to LSEG data, the money market currently assigns a 65% probability that the Fed will keep rates unchanged at the September meeting. -
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