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Anthropic spokesperson: We are building an internal chip team to design custom chips for Claude and are hiring engineers with full-stack experience.Anthropic spokesperson: Establishing an in-house chip team will enable us to collaboratively design hardware and models.On August 5th, CIFI Holdings Group (00884.HK) announced on the Hong Kong Stock Exchange that in July 2026, the Group recorded contracted sales (including contracted sales of joint ventures and associates) of approximately RMB610 million and contracted sales area of approximately 97,400 square meters, with an average contracted sales price of approximately RMB11,000 per square meter, and contracted sales attributable to shareholders of approximately RMB300 million. From January to July 2026, the Group recorded cumulative contracted sales (including contracted sales of joint ventures and associates) of approximately RMB5.64 billion and contracted sales area of approximately 587,300 square meters, with an average contracted sales price of approximately RMB11,200 per square meter, and contracted sales attributable to shareholders of approximately RMB3.03 billion.Both WTI and Brent crude oil fell by $0.70 to $75.07 and $79.61 per barrel, respectively.On August 5th, Minneapolis Fed President Neel Kashkari, a 2026 FOMC voting member, stated in an interview with CNBC on Wednesday that the Federal Reserve should now "start gradually raising" interest rates to reduce inflation and avoid the need for larger rate hikes in the future. Kashkari was one of three voting members who supported a 25-basis-point rate hike at last weeks FOMC meeting. He stated that with strong corporate earnings, resilient consumer and labor markets, and no evidence that monetary policy has become significantly restrictive, its time to begin gradually raising rates. He emphasized that this does not advocate for large rate hikes, but rather a desire for "small steps" to avoid being forced into aggressive policy tightening once inflation becomes deeply entrenched. He added that its uncertain what action the FOMC will take in September, and future data will play a crucial role. Meanwhile, Kashkari stated that Fed Chairman Warsh did not pressure him, telling him, "Do what you think is right for the economy."

What is the impact of the Fed’s interest rate cut?

LEO

Oct 25, 2021 13:27

What impact will the Fed's interest rate cuts bring to the global capital market? 

1) US stocks: short-term positive, but the US stocks still have adjustment pressure.  But the long-term trend of US stocks depends on the extent of the recession.

 2) US debt: support the bull market . The trend of 10-year US Treasury interest rates is basically the same as the rhythm of interest rate cuts, but will react in advance.

 3) US dollar: bearish dollar index. The main factor affecting the US dollar index is the relative strength of the US economy with other major countries, especially the Eurozone. The current cycle of the US economy lags behind other countries. In the future, as the US economy accelerates and the Eurozone enters the bottoming stage, the US dollar will have depreciation pressure, and the Fed’s expected interest rate cut will cause the US dollar to depreciate earlier.

 4) Gold: may caused the price of gold to rise, bull market can be expected. The price of gold is affected by the risk aversion and the US dollar.Also, the depreciation of the US dollar is good for gold. On the other hand, the safe-haven value of gold will be greatly reduced compared to the previous rounds of interest rate cuts. 

5) Emerging market stocks: short-term positive, long-term trend depends on economic conditions. The depreciation of the dollar will bring capital inflows to emerging markets, but the long-term trend of the stock market depends on the state of the economy.


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