This article is partly based on Wall Street news As the “recession trade” prevails on Wall Street, fund managers are struggling to find a safe haven for short-term money. Data showed that the Fed’s reverse repurchase facility used more than $2 trillion for the first time on Monday, reaching $2.045 trillion. The previous record was

Source: Shenwan Hongyuan Strategy Since April, the market’s expectations for the Fed’s tightening to accelerate and the U.S. economy to weaken in the future have been further strengthened. The results of the superimposed quarterly report period have generally been weak. Under the worries of stagflation, the U.S. stock market has experienced an accelerated correction recently.

Source: Zhitong Finance Author: Zhuang Lijia On May 24 (Tuesday), before the US stock market opened, Best Buy (BBY.US) announced its financial results for the first quarter of fiscal 2023. According to the financial report, the company’s Q1 revenue was US$10.647 billion, which was better than market expectations of US$10.43 billion, and US$11.637 billion in

global macro The three major U.S. stock index futures were collectively lower before the market on Tuesday European markets fell broadly Image source: Yingwei Caiqing Fed’s Bostic: After raising interest rates by 50 basis points for two consecutive months, the FOMC may “slam the brakes” in September On Monday, Federal Reserve Bank of Atlanta President