LIVETrading is a spiritual practice.
2024.5.2 Daily Update:
The Federal Reserve Board of the United States announced the latest interest rate decision, maintaining the target range of the federal funds rate at 5.25% to 5.50%, which is in line with market expectations. Market participants pointed out that a series of US economic data released recently showed that on the one hand, US economic growth was significantly lower than expected, and on the other hand, US prices rebounded beyond expectations, which were the main reasons for the Fed to choose to "stand still" and continue to wait and see.
Data previously released by the US Department of Commerce showed that the US real gross domestic product (GDP) grew by 1.6% on an annualized basis in the first quarter of this year, lower than the general market expectations. In terms of prices, the core personal consumption expenditure (PCE) price index excluding food and energy in the first quarter grew by 3.7% year-on-year, exceeding the expected 3.4%, the first quarterly growth in a year, indicating that core inflation is still stubborn. The above factors have led to the market's expectations for the Fed's interest rate cuts this year to continue to cool down. Traders currently expect the Fed to cut interest rates only once this year, far lower than the expected number of about 6 times at the beginning of the year.
Account status: Total capital 439,000 (including dividends), principal 150,000, yield 200-%. Total equity of contract account 376,000, total position 418,000, 40+ varieties, 140+ pending orders.
Risk warning: Leverage is not a devil, but a tool to improve capital utilization. Leverage itself has no risk, the real risk comes from human nature.
