News

Federal Reserve Chairman Warsh: If the Fed can achieve its goal of price stability, I am more optimistic than ever about the growth potential of the U.S. economy.

Federal Reserve Chairman Warsh: This is a period of huge opportunity for the United States.

Federal Reserve Chairman Warsh: The past four weeks have been focused on monetary policy.

The final value of the S&P Global Manufacturing PMI in the United States in June was 53.9, compared with the previous value of 55.7.

Bank of Canada Governor Macklem: The rise of hedge funds in the sovereign debt market has raised concerns that disruptions in the repo market could trigger rapid unwinding.

White House spokesperson: There is a high chance that the United States and Iran will reach an agreement.

Bank of Canada Governor Macklem: From a financial stability perspective, stock valuations appear to be too high.

US White House Spokesperson: We have paved the way for Iran’s denuclearization.

Federal Reserve Chairman Warsh: The Federal Reserve will remain focused on monetary policy.

Fed Chairman Warsh: We all bear the burden of many policies that, in a sense, the Fed created in the 2008 financial crisis.

Fed Chairman Warsh: My colleagues are willing to return to basic principles.

Fed Chairman Warsh: The person appointed by the working group should have been the person who is here now.

Market news: Namibia gasoline and diesel prices will be reduced on July 3.

Nvidia (NVDA.O) fell more than 3%.

The Dow Jones Index opened down 126.71 points, or 0.24%, at 52192.49 points on July 1 (Wednesday);The S&P 500 Index opened down 35.8 points on July 1 (Wednesday) 6 points, a decrease of 0.48%, to 7463.50 points;The Nasdaq Composite Index opened down 178.81 points, or 0.68%, to 26034.91 points on July 1 (Wednesday).

U.S. stocks opened, with the Dow Jones Industrial Average down 0.2%, the S&P 500 Index down 0.3%, and the Nasdaq Composite Index down 0.6%. Meta Platforms (META.O) rose 6% after it was reported that it was building a cloud business to sell excess AI computing power. Storage concept stocks fell, with SanDisk (SNDK.O) falling 7.5%, Western Digital (WDC.O) falling more than 4%, and Micron Technology (MU.O) falling 6%.

Federal Reserve Chairman Warsh: It is up to the central bank to decide whether artificial intelligence is considered inflationary.

Bank of Canada Governor MacCallum: We must remain humble in an environment of uncertainty; if conditions change, we are ready to take action.

Bank of Canada Governor Macklem: We are at the lower end of the neutral interest rate range, roughly at an appropriate level to suppress inflation.

Bank of Canada Governor Macklem: Inflation is significantly above target. Canada's economy is weak.