On July 1, UBS noted in its latest report that the first monetary policy meeting under Federal Reserve Chairman Kevin Walsh sent clear hawkish signals, but the market's bets on rate hikes for the remainder of the year may be overly aggressive. UBS expects that the Federal Reserve is more likely to keep the federal funds rate unchanged at 3.50%-3.75% for the rest of the year and recommends that investors increase their allocation to short- and medium-duration high-quality bonds to lock in the currently high yields.
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UBS: Walsh's Debut Signals Hawkish Stance, But Rate Hike Expectations May Be Overdone
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Spot Silver Rises 4% Today, Currently at $60.90 per Ounce
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Fed Chair Waller: Aiming for Real-Time Data-Driven Policy Making Within a Year
On July 1, Federal Reserve Chair Waller set an ambitious timeline aimed at enabling the Fed to rely on new technologies that provide real-time economic data, thereby reducing dependence on lagging government survey data. Waller stated, 'My vision is that within the next 9 to 12 months, we will leverage new technologies to grasp the dynamics of the real economy in a synchronized, real-time manner, allowing us to make more informed decisions; we will no longer solely depend on data from government agencies that have statistical biases and are no longer applicable.' -
Venice AI Raises $65 Million in Series A Funding at $1 Billion Valuation, Led by Dragonfly
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BTC Surpasses $60,000
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On July 1, the U.S. stock market saw a collective decline in the optical communication sector. Corning fell by 10%, Lightwave Logic dropped over 7%, AXT Inc and MaxLinear fell over 6%, while Qorvo and Lumentum declined by over 4%. Coherent, Tower Semiconductor, Astera Labs, and GlobalFoundries each fell by over 3%, and Ciena, POET Technologies, Mavenir, Amphenol, and Fabrinet dropped by over 2%. -
Fed Chair Waller: Aiming for Real-Time Data-Driven Policy Making Within a Year
On July 1, Federal Reserve Chair Waller set an ambitious timeline aimed at enabling the Fed to rely on new technologies that provide real-time economic data, thereby reducing dependence on lagging government survey data. Waller stated, "My vision is that within the next 9 to 12 months, we will utilize new technologies to understand the dynamics of the real economy in a synchronized, real-time manner, allowing us to make more informed decisions; we will no longer rely solely on data from government agencies that are statistically biased and no longer applicable." -
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