EUR/USD
1.17651
0.055%
Gold
4769.47
0.616%
Oil
91.881
-0.882%
USD/JPY
159.099
-0.217%
GBP/USD
1.35142
0.058%
GBP/JPY
215.014
-0.153%
Real-time News
On April 14th, the State Council Information Office held a press conference at 10:00 AM. Wang Jun, Deputy Director of the General Administration of Customs, stated that in the first quarter, the export growth rate of "new three essential products" from the central and western regions was 24.7 percentage points higher than the national average for similar products. Among them, electric vehicles and photovoltaic products accounted for over 40% and 30% of the national export share, respectively. The central and western regions also have a significant industrial advantage in traditional electromechanical products. For example, 4 out of every 10 internal combustion engine motorcycles exported by my country come from the central and western regions. The domestically produced "Zhang Xue Motorcycle," which recently won a championship in an international competition, is from this region. In the first quarter, the central and western regions exported 1.754 million internal combustion engine motorcycles, an increase of 7% year-on-year.U.S. Treasury Secretary Bessant: (Regarding concerns that a war with Iran could weaken the dollar) As youve seen during the war, the dollar actually strengthened. So Im not worried about that.On April 14th, according to the US financial media Semafor, US Treasury Secretary Bessant stated at the "Semafor World Economy" conference in Washington, D.C., on Monday that the Federal Reserve should "wait and see" before deciding whether to lower interest rates during the Iran conflict. Regarding whether interest rates should be lowered, Bessant said, "They will eventually be lowered. But I think we have to wait and see how the economy develops. But I think that going into January, and then into January and February—the economy performed very strongly." Bessant stated that the Feds current approach of observing the development of the Iranian conflict is "wise." Bessant said, "If [the ECB] raises [interest rates], I would be shocked. But I would say that many European countries (like the UK) and Asian countries are subsidizing demand, while we in the US are not doing that." Bessant stated that he believes the recent price increases will not be "included in inflation expectations," and he believes that the current inflation is temporary.U.S. Treasury Secretary Bessant: (Regarding Kevin Warshs nomination as Federal Reserve Chairman) My criterion is that candidates must be open-minded. I think the management of the Federal Reserve Banks is a disaster because about 50% of the staff at each Fed do not report directly to the Fed Chairman.U.S. Treasury Secretary Bessenter: (When asked whether the war with Iran would ultimately be good or bad for the U.S. economy) I think when we look back in the future we will say that it may have been 50 days, 100 days or more that brought us 50 years of stability.
