On October 14, local time, the closing of the three major indices of the U.S. Stock Exchange increased variably, the index rose by 0.44%, the index fell by 0.76%, and the SPP 500 index fell by 0.16%.

The majority of major technology stocks fell, Bolt fell over 3%, Tesla, Amazon fell over 1%. Semiconductor, cryptocurrency reserves concept shares fell ahead, Intel fell over 4%, Strategy, Coinbase fell over 4%, Sunlight Semiconductor fell over 3%, Microsystems Technology, Arm fell over 2%. Rare-earth concept, aviation services, infrastructure operations plateau rose, Jet Blue Airways rose 8%, Caterpillar, Delta Air Lines rose over 4%, American Airlines rose over 3%.

Nvidia $180.03, falling 4.40%, and market value evaporated $2014 billion overnight (approximately RMB 143,78 billion).

Nvidia reported $180.03, down 4.40%

The Nasdaq China Gold Range Index fell by 1.95%, the popular Alibaba stock fell generally, falling more than 5%, falling more than 4%, falling more than 3%, century connectivity, Alibaba, Zhengzhou car fell by more than 2%.

The FTSE A50 futures index closed up 0.38% in consecutive night trading at 14779 points.

COMEX gold futures rose 0.64 percent, $4159.6 per ounce; COMEX silver futures fell 0.17 percent, $50.345 per ounce.

WTI crude oil futures fell by 1.33%, $58.70/barrel. Brent crude oil futures fell by 1.47%, $62.39/barrel.

In his last public speech on economic and monetary policy before the end of the month¡¯s Fed meeting, Chairman Powell hinted that the U.S. labor market continued to deteriorate and that despite the government shutdowns affecting the judgment on the economy, it still retained the possibility of cutting interest rates this month. The Fed may stop its quantitative tightening (QT) action of shrinking its balance sheet (shrinking the balance sheet) in the coming months.

In a prepared speech, Powell, who attended this year's annual meeting of the National Association of Business Economics (NABE), said that the employment and inflation outlook in the United States have not changed much in nearly a month since the Federal Reserve's decision-making meeting last month. While some important economic data has been delayed due to the U.S. federal government shutdown, he said, "Based on the data we have, it's fair to say that the outlook for employment and inflation doesn't appear to have changed much since our September meeting four weeks ago."

Following, Powell noted that data before the government shutdown suggested that economic growth may be slightly more stable than expected.The unemployment rate remained low in August, and wage growth slowed significantly, possibly partly due to a decrease in immigration and a decrease in labour participation that led to a slowing labour force growth.

Powell predicts that the Federal Reserve may stop shrinking its balance sheet in the next few months. In his speech, he said that the Fed's long-standing plan has been to stop action when reserves are slightly above the level that the Fed judges to be sufficient.

Asked about the rise in gold prices, Powell said: ¡°I will not comment on any particular asset price.¡±

Asked about the impact of artificial intelligence (AI), Powell quoted Nobel Prize winner Robert Solow as saying about how new technologies will affect productivity: ¡°You can see computers anywhere, but not in productivity statistics.¡±

Picture source of Powell's speech: Visual China

In addition, according to media reports, Federal Reserve Governor Bowman said he continues to expect two more interest rate cuts before the end of this year.

John Williams, a member of the Federal Reserve Committee on Monetary Policy (FOMC), and the governor of the Federal Reserve Bank of New York, made it clear in an interview with the New York Times that he supports further interest rate cuts this year to address the risks of a sharp slowdown in the labour market.

In the interview, Williams said: "The risk of a further slowdown in the labor market is something I'm very concerned about," elaborating on the Fed's assessment of current job market conditions. He said that the labor market has shown a gradual cooling trend in the past year. Although the unemployment rate has only increased by a few tenth of a percentage point, job vacancies have continued to decline and the turnover rate has also dropped to a low level.

"We have seen a gradual cooling of the job market over the past year, but that cooling has not raised concerns about an imminent recession or a sharp slowdown." Williams said. He said the latest indicators for September showed that the overall job market continued to cool moderately and showed no signs of accelerating deterioration.

On the inflation front, Williams believes that tariffs do push up the prices of imported goods and have a direct impact on overall inflation, but the impact is smaller and more dispersed than previously expected. He estimated that tariffs increased inflation by 0.25 to 0.5 percentage points.

"Tariffs overall have stabilized at higher levels, but I think that removes some of the upside risks to inflation." Underlying inflation appears to be gradually moving closer to the 2% target, with improvements in housing costs particularly noticeable, Williams said.

Williams stressed that he did not see signs of tariffs having a double or amplified effect on inflation. Inflation expectations remained stable and supply chain indicators were basically at a normal level. He believed that this would help reduce service industry inflation as labour markets ceased to increase inflation pressure and wage growth slowed.

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Disclaimer: The contents and data of the article are for reference only and do not constitute investment advice.