Last week, I released the consumer price index (CPI) and July employment report. With the lowest unemployment rate in 54 years and the CPI continuously falling, many experts say the economy The US economy is likely to have a “soft landing” as expected by the US Federal Reserve (Fed).
The above information also made the market forecast that the Fed might maintain the current high interest rates until the end of the first quarter of 2024 and then gradually reduce it to support a good economic recovery.
The news of interest payment may be paused, causing investors to continue withdrawing their gold investments to shift investment to profitable assets such as bonds and stocks. The yield on 10-year US government bonds last week increased continuously from 4% to 4.138%/year at the end of the week, in which, last week’s session increased sharply by 0.26%.
Along with the above information, the world’s second largest economy, China, has also launched a series of new policies to promote the economy, such as policies to attract foreign investment; the final policy of trade and investment. In particular, in July, the country’s car exports increased by 81% over the same period last year.