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On May 2nd, Apple raised the starting price of its Mac Mini from $599 to $799 to address inventory shortages and tight chip supplies driven by demand for artificial intelligence. The company effectively implemented the price increase by eliminating the entry-level configuration. The previous entry-level model featured the M4 chip and 256GB of storage; the new starting model retains the same chip but with 512GB of storage. The M4 Pro models starting price remains unchanged at $1399. The $599 configuration is no longer available as it is sold out at most retailers. Other configurations will take weeks or months to ship from the Apple online store and are also in very limited supply at Apple retail stores.1. SpaceXs IPO filings show that the first batch of next-generation, more powerful Starlink V3 satellites are scheduled for launch in the second half of the year. 2. GameStop may submit an acquisition offer for eBay as early as this month. 3. Spirit Aerospace is expected to cease operations around 3 a.m. ET on Saturday. 4. The U.S. Department of Defense has reached agreements with seven AI companies. 5. Apples (AAPL.O) market capitalization increased by $200 billion in a single day. 6. SanDisk shares rose more than 8%, with multiple institutions significantly raising their target price for SanDisk, some by as much as double to $2,000. 7. Nebius has agreed to acquire Eigen AI. 8. Bank of America: Global hyperscale cloud computing companies AI capital expenditure may reach $1 trillion by 2027.① Iran 1. Irans Supreme Leader: The current stage requires promoting "economic resistance." 2. Iranian sources: Iran still deeply distrusts the United States. 3. The US claims its attack on Iran was "self-defense," Iran denounces it as blatant aggression. 4. Iranian Parliament Speaker Ghalibaf: The day of reconstruction after defeating the hostile superpower is approaching. 5. Irans Tasnim News Agency reports that, contrary to the White Houses baseless claims, there are currently no signs that oil storage capacity is about to run out. 6. According to Iranian media reports, an explosion of unexploded ordnance left over from war occurred in northwestern Iran, resulting in the deaths of 14 members of the Iranian Revolutionary Guard. 7. US media: Iran is considering using dolphins carrying mines to attack US warships. 8. Iran says its Supreme Leader is in good health. ② United States 1. The USS Ford aircraft carrier has left the Middle East. 2. Israeli media: The US is "about to decide" whether to restart military action against Iran. 3. Trump hints he will not seek congressional approval for continued military action against Iran. 4. Trump told the US Congress that the conflict with Iran was over, circumventing the war authorization process. 5. According to Axios: The US Department of Defense estimates that the US blockade has cost Iran $4.8 billion. 6. Bessant: The blockade will continue until Iran restores its pre-war freedom of navigation. 7. US media: 16 US military facilities in 8 Middle Eastern countries were damaged in Iranian attacks. 8. The US State Department approved arms sales to four Middle Eastern countries, including Israel. 9. The US Secretary of Defense ordered the withdrawal of 5,000 troops from Germany; the withdrawal will be completed within the next 6 to 12 months. 10. The White House formally informed Congress that although US troops remain in the region, the US considers the conflict with Iran to be over. ③ Israel 1. The Israeli military: has destroyed Hezbollahs command headquarters and military buildings in southern Lebanon. 2. Israeli officials: The Israeli military considers the removal of Iranian enriched uranium a "key factor" to the success or failure of the war. ④ Strait of Hormuz 1. The US warned shipping companies that even paying passage fees in the Strait of Hormuz under the guise of charity could expose them to sanctions. 2. TankerTrackers: The number of oil tankers diverting to Iran continues to increase. 3. U.S. Central Command: U.S. forces continue to enforce the naval blockade against Iran. Currently, 45 merchant ships have been instructed to turn back or return to port. 4. Iranian Revolutionary Guard: Will make the Strait of Hormuz a "source of security and prosperity." 5. Iranian Revolutionary Guard: New regulations for the management of the Persian Gulf have been established and will be implemented in accordance with the Supreme Leaders historic directive. 6. U.S. military uses AI technology to clear mines in the Strait of Hormuz. ⑤ Ceasefire Negotiations 1. Saudi media: Iran agrees to discuss nuclear issues and a long-term freeze on uranium enrichment. 2. U.S. media: Iran relaxes conditions for resuming peace talks with the U.S. 3. Trump says progress has been made in the Iran negotiations, but it is not enough. 4. Trump says he is "dissatisfied" with Irans latest proposed negotiation plan. 5. Iranian Foreign Minister Araqchi: If the U.S. changes its excessive attitude, threatening rhetoric, and provocative behavior, Iran is willing to continue to advance the diplomatic process. 6. White House: (When asked about Irans proposal to Pakistan) We will not disclose details of private diplomatic dialogues; negotiations are ongoing. ⑥ Other situations: 1. Trump claimed the U.S. has more weapons in stock than ever before. 2. Trump said he "might" travel to France for the G7 summit.On May 2nd, local time, Trump declared in a speech on May 1st that the United States could "almost immediately" take over Cuba. He also stated, "Well deal with one target (Iran) first—Ive always liked to get things done." Trump also indicated that the United States would deploy the USS Abraham Lincoln aircraft carrier to the Cuban coast. These remarks came earlier that day after Trump signed an executive order expanding U.S. sanctions against the Cuban government.US President Trump: (Regarding Iran) We will not leave prematurely, and the problem will arise again.

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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