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23:39
Traders See Higher Likelihood of Rate Hike Than Cut After Powell's Speech
On April 30, following Powell's speech, Wall Street traders believe the likelihood of the Federal Reserve raising interest rates this year is slightly higher than that of lowering them, as policymakers signaled a hawkish stance. Futures markets indicate an 11% probability of a rate hike, up from 5% earlier on Wednesday and zero on Tuesday, while the probability of a rate cut stands at about 2%. Although the Fed maintained language suggesting a greater likelihood of a rate cut, three Federal Reserve presidents opposed this decision, with Chairman Powell stating that this language may soon be abandoned as inflation persists.
23:38
Overview of key overnight developments on April 30
21:00 (UTC+8) - 7:00 Keywords: Squads, Powell, Walsh1. Federal Reserve Chair Powell: The current policy stance is appropriate;2. Federal Reserve Chair Powell: After stepping down as Chair, will continue to serve as a board member;3. US Treasury Secretary Besant: Powell's decision to remain as a board member will break with tradition;4. Squads completed a $18 million strategic financing round, led by Solana Ventures;5. The Federal Reserve maintains the benchmark interest rate range at 3.5%-3.75%, in line with market expectations;6. Walsh's Federal Reserve nomination has received enough votes in the committee, and approval is granted to move the review process forward;7. Federal Reserve Chair Powell: If we need to raise interest rates, we will definitely signal it.
23:36
Report: The largest apartment owner in the United States, AvalonBay, is in merger talks with EQR
These two real estate investment trusts (REITs), as the largest apartment developers in the United States, have held preliminary discussions regarding a merger plan. Currently, both AvalonBay and Equity Residential have a market capitalization of approximately $25 billion. (Bloomberg)
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