seagamessoccerfinal| Late at night! U.S. stocks are soaring, and gold and silver are soaring! Biden speaks

Us stocksSeagamessoccerfinalOh, it's up again.

Us stocks collectively pull up

As US CPI fell in April, traders raised their expectations of a Fed rate cut.

U. S. stocks opened higher in the evening, as of press time, the three major indexes of U. S. stocks are all red.

In the European market, the indexes of Britain, France, Germany and other countries also strengthened one after another.

Gold and silver are also strong.

It is worth noting that the game stations, which rose crazily in the first two trading days, plummeted 25% after the opening of trading, and triggered a suspension. AMC Entertainment Holdings, another stock that rose sharply earlier, also fell by 26%.

The dollar index plunged.

Us CPI rose less than expected in April

Today, the United States released CPI data in April.

According to data released by the U.S. Bureau of Labor Statistics on May 15th, CPI in the United States rose 3% in April compared with the same period last year.Seagamessoccerfinal.4%, in line with market expectations, but still well above the Fed's 2% target, which was 3.5%.

Us core CPI rose 3.6 per cent in April from a year earlier, in line with market expectations and a previous value of 3.8 per cent.

On a month-on-month basis, US CPI rose 0.3 per cent in April, below market expectations of 0.4 per cent and a previous value of 0.4 per cent.

Earlier, US CPI rose 3.5 per cent in March from a year earlier, above market expectations of 3.4 per cent and a previous figure of 3.2 per cent.

Among them, the monthly rate of core CPI fell back to 0.3% as scheduled in April, the lowest since December 2023.

Xinhua Financial reported that the US CPI rise in April was lower than expected, indicating that inflation returned to a downward trend at the beginning of the second quarter, boosting financial market expectations of a rate cut in September.

The monthly core CPI rate cooled for the first time in six months, indicating that price pressures are weakening and supporting the Fed's intention to keep interest rates high for longer.

U.S. president Joe Biden says April CPI data show that prices are still too high.

Powell's previous speech sent a heavy signal.

Late on the night of May 14, Beijing time, Federal Reserve Chairman Colin Powell and ECB Regulatory Committee Nott jointly attended a meeting and delivered a speech. Powell's speech sent a heavy signal.

Powell said the Fed needs to be patient and wait for more evidence that high interest rates are curbing inflation and that inflation continues to cool, so it needs to keep interest rates high for longer.

With regard to the higher-than-expected inflation data in the first quarter of this year, Powell said that the inflation data in the first quarter had reduced his confidence in lower inflation, which also made it impossible for the Fed to say whether or when it could cut interest rates. Recent US inflation data suggest that it may take longer than previously thought to gain the confidence needed to cut interest rates.

Powell believes that the current Fed policy is in many ways restrictive enough to dampen demand. But he also said time will tell whether policy is restrictive enough to bring inflation back to the Fed's 2% target.

Powell stressed that the Fed's next move is unlikely to be to raise interest rates, and that the Fed is more likely to keep policy rates at current levels. "as I said, based on the data we have, I don't think the next step we take is to raise interest rates."

Powell described the US labor market as "very strong" with signs of gradual cooling and rebalancing.