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Fed Official Musalem: US Economy Shows Resilience in Recent Months

On August 7, Federal Reserve official Musalem stated that the US economy has shown resilience in recent months, and that pursuing looser policies for higher GDP is a mistake. He also noted that future productivity growth from AI carries a high degree of uncertainty, with risks leaning towards high inflation.

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    On August 7, it was reported by informed sources that SK Hynix has accumulated purchases of approximately 100 trillion to 400 trillion Korean won (about $7 billion to $28 billion) in Korean bond assets this year, with high-end estimates including commercial paper. As of the end of the second quarter of this year, SK Hynix's cash and cash equivalents reached 88 trillion won, an increase of nearly 62% from the previous quarter. The sources indicated that SK Hynix began to expand its bond investments in April of this year, with individual order sizes typically ranging from 100 billion to 300 billion won, primarily focusing on investment-grade bonds rated AA or higher, with maturities generally not exceeding three years. (Bloomberg)

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  • Analysis: Trump Will Not Accept Iranian Control of the Strait or Seek Military Symbolic Victory Ahead of Midterms

    On August 7, Robert Pape, a political science professor at the University of Chicago, further analyzed in an interview with Al Jazeera that given President Trump's fluctuating attitude since signing a memorandum of understanding with Iran on June 17, he would not accept any agreement that leads to joint control of the Strait of Hormuz by Iran and Oman. Pape stated, 'Trump's position will be inconsistent.' He added, 'I believe Trump can only accept Iranian and Omani control of the Strait for a day or two at most.' He also mentioned, 'With the midterm elections approaching, Trump needs a symbolic victory. This could mean occupying an island or establishing a foothold on the Iranian coastline. This is exactly the kind of symbolic victory that Trump can leverage in the midterm elections.' (Jinshi)

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  • South Korea Sees 200% Increase in Securities Accounts for Infants Year-on-Year

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  • U.S. Senate Delays Vote on CLARITY Act Until September

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