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On August 3, AMEC announced that it expects its revenue for the first half of 2026 to be approximately RMB 6.691 billion, representing a year-on-year increase of approximately 34.89%; net profit attributable to owners of the parent company is expected to be between RMB 2.7 billion and RMB 2.9 billion, representing a year-on-year increase of 282.48% to 310.81%; and net profit excluding non-recurring gains and losses is expected to be between RMB 1 billion and RMB 1.2 billion, representing a year-on-year increase of 85.61% to 122.73%. In the same period last year, revenue was RMB 4.961 billion, net profit attributable to owners of the parent company was RMB 706 million, and net profit excluding non-recurring gains and losses was RMB 539 million.On August 3rd, Federal Reserve Chairman Williams stated that he remains optimistic that inflationary pressures will gradually ease, but if this does not happen, the Fed will not hesitate to raise interest rates to ensure that price pressures return to the target level. In an interview with Reuters last Friday, Williams said that if energy prices and trade tariffs have peaked and the economy continues its robust momentum, "I think some of the major factors that have driven up inflation over the past year and a half will no longer play such a significant role, and some of the downward pressures we have previously observed should reappear." He added, "I am watching the core inflation data very carefully over the next few months to see if it aligns with the trend of inflation moving towards and continuing to decline toward 2%, thus ensuring that we can achieve our long-term stable 2% inflation target by 2028." He also stated, "I personally predict that inflation will decline somewhat in the second half of this year and further decline next year." Williams reiterated that the current interest rate policy stance is "in a favorable position" to bring inflation back to the target level. However, he pointed out, "If we are not on track to bring inflation down to 2%... then taking action to get us back on the 2% inflation track is entirely appropriate."GameStop (GME.N) fell 3.1% in pre-market trading after the company announced it would conduct a private placement of $1.4 billion in convertible notes in exchange for shares.Note: Federal Reserves Williams gave an interview last Friday, and the interview has just been released.Federal Reserves Williams stated that investments in artificial intelligence will not pose a risk to financial stability. He is not surprised by the volatility in the AI industry.

The Devil Is In The Details: Gold Analysis - Federal Reserve Minutes

Larissa Barlow

Apr 07, 2022 10:33

Analyses of Federal Reserve Minutes 

While both the FOMC statement and Chairman Powell's press conference provide market participants with information about the FOMC's updated and revised monetary policy, it is the release of the minutes that provides investors with significantly greater clarity and understanding. The devil, as they say, is in the details.

 

The Federal Reserve issued the official minutes from its March FOMC meeting today, providing insight into the central bank's current plans to begin unwinding its balance sheet assets. Beginning in March 2020, the Federal Reserve will add around $4.6 trillion to its balance sheet by purchasing $120 billion monthly in mortgage-backed securities ($40 billion) and US Treasury securities ($80 billion), bringing their total to just over $9 trillion.

 

According to Federal Reserve Governor Lael Brainard, the Fed intends to employ a mix of interest rate rises and a quick run-off of the balance sheet to bring US monetary policy closer to neutral later this year.

 

However, the minutes released today imply that the Federal Reserve will unwind around $3 trillion over the next three years, reducing its $9 trillion balance sheet to $6 trillion. While the Fed appears to be indicating a quick runoff of its balance sheet, the reality is that the Federal Reserve's balance sheet will be nearly $2 trillion larger than it was prior to the epidemic.

 

"Participants continued their discussion on plans to reduce the size of the Federal Reserve's balance sheet in a manner consistent with the methodology outlined in the Committee's Principles for Reducing the Size of the Federal Reserve's Balance Sheet, announced following its January meeting."

 

Additionally, the minutes stated, "While no decision was made regarding the Committee's plan to reduce the Federal Reserve's balance sheet at this meeting, participants agreed that significant progress had been made on the plan and that the Committee was well positioned to begin the process of reducing the balance sheet's size as soon as after the conclusion of its upcoming May meeting."


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