On June 20, Fed Vice Chairman Jimmy Richard made a public speech after the interest rate meeting.

Federal data showed significant economic growth in the second quarter and further improvement in labor market conditions. Household spending and business fixed investment have grown modestly in recent months, and net exports have continued to rise for the third consecutive month due to lower transport production and costs due to lower oil prices.

Given the current economic outlook and inflation expectations, the Committee decided to keep the target range for the federal funds rate unchanged for the time being, and the current monetary policy remains appropriate to support further improvement in the labor market.

However, Richard said that monetary policy will still be adjusted gradually, and the statement said that with the gradual adjustment of monetary policy, economic activity will expand moderately, the job market will continue to strengthen, and the United States is expected to rise to the target level in the medium term, and will closely monitor global economic and financial developments to assess their impact on the job market and inflation.

If things are good, the Fed is expected to raise interest rates four times this year, taking inflation into account and employment in the labor market.

This year, four rate hikes are expected.

After the news was reported, the Dow Jones Industrial Index and the Nasdaq Index fell sharply, but then fluctuated violently and rose, first falling and then rising by 0.58%.

Some analysts believe that judging from the comprehensive data released by the Federal Reserve, the probability of the Fed raising interest rates by 2.5 points and 50 percent at the next interest rate meeting is almost 100 percent, and the probability of raising interest rates by 5 basis points is 50 percent.

However, although the interest rate hike will have a certain impact on the total circulation of the dollar, it also proves that the U.S. economy is already in a recovery cycle, which has a positive impact on the market, and I believe that high-quality assets will bring rich returns to investors. Moreover, with the increase in federal interest rates, the dollar has also passed the downward cycle and has risen for two consecutive months, and the strengthening of the dollar will attract global capital to flow into the United States to buy more dollar assets to achieve appreciation, which will bring new opportunities to the US market.

The clear explanation of the regulations seems to explain why the market fell first and then rose.

Some analysts said that the reduction in the federal interest rate was positive, releasing the liquidity of the dollar and bringing stimulus to inflation;

All in all, it's good news.

But what's interesting is that no one notices this, and it's good, everybody needs it, isn't it? Of course, it's not that no one doesn't know this, but who would be bored to explain something. The relationship between supply and demand of money is because the relationship between supply and demand determines the price, but the price is what people care about, as for the supply and demand...... It's never been as important as you think.

However, the Fed's interest rate hike is good for the U.S. economy, and high interest rates and higher bank yields will attract funds to flow into the U.S. market, but for many countries, this is not good news.

Because, since the beginning of the sixties, the world's most investment in the financial industry is to earn interest rate differentials from different countries around the world through news. Because there is a serious information asymmetry between people, institutions, and individuals in various countries, investment institutions have made a lot of profits in it.

As early as the early 60s, the reason why Soros was able to accumulate in the United States and become a well-known figure on Wall Street was that he showed Americans how to make profits from Europe by financial means.

However, with the advancement and development of science and technology, Azure Star has completely become a global village, and a change in a country's policy is likely to be like a butterfly, which will soon trigger a series of unpredictable reactions in other countries.

Frankfurt, Office of the Governor of the Central Bank.

Schlesinger stands on the immaculate glass curtain wall, holding a tobacco pouch pot made of corn stalks in his hand, with one hand in his pocket, looking out at the Rhine not far away.

The weather was sunny and cloudless.

The sparkling Rhine reflects the blue sky and white clouds, and there are many boats with sails floating, smoking tobacco from a cigarette pouch and pot, and looking at the beautiful scenery on the river.

Maybe I didn't see it with my own eyes, no one believed it, as the governor of the central bank, Schlesinger actually smoked crude tobacco, and used the most ordinary corn cob cigarette pouch pot, but he himself didn't mind this, took a puff, under the erosion of bitter and rich cigarette nicotine, the whole person's eyes were bright, and he seemed to have inexhaustible strength.

Because, the country is unified.

As a young man, Schlesinger witnessed the poverty and chaos of the country, then the strength of the country, and the division of the country into two parts.

Suffering from war and childhood experiences, he has always had the highest ideals in his heart.

Restore the glory of the country so that the country can be stronger in a peaceful way.

Fortunately, having worked in the Ministry of Finance for six years and another sixteen years in the banking system, Schlesinger saw first-hand the reunification of the country and ascended to the position of central bank.

With the reunification of the country, the economy and population have made a qualitative leap, the purchasing power of the mark has become stronger, and the internationalization of the mark has failed because of the complete sovereignty of the dollar, but Germany, which has both complete sovereignty and the core of the European Community, as long as the power of the mark is strengthened again, with Germany's economic strength and industrial base, it is not impossible to compete with the dollar again.

Judging from the data, the proportion of countries holding the mark has been growing, and when the influence of the Emger grows larger and larger, radiating to the entire European and even Asian markets, the community can realize the settlement unit with the Emger as the settlement unit, and the status of the mark in the Emger will bring countless wealth to the country.

In life, there are several people's ideals and ambitions that can be realized.

Thinking of the future development of the country, and the fact that the country would become strong again with the efforts of himself and Kohl, Schlesinger suddenly realized that the Rhine River, which can be seen every day in the distance, is so beautiful and splendid.

Bang bang bang –

Suddenly there was a knock on the door, and with a greeting, Schlesinger turned to look at his young assistant, a little dissatisfied with the nervous and disorganized look on his face.

"What's the matter? ”

"We have just received news from the United States, Richard publicly revealed the current economic data, we believe that the probability of the Federal Reserve raising interest rates at next month's interest rate meeting is 100 percent, and the probability of 50 percent is 50 percent. ”

"Calling all departments, we need to have a meeting now. ”

“......”

Germany was able to receive news from the United States, as did Britain, Italy, Finland and almost all countries in the world.

But compared to Schlesinger's composure, central bankers or finance ministers in other countries have a lot of headaches.

London.

Norman Lamont and Robin Liepenberton had a small meeting.

Because the British economy under Margaret Thatcher's reforms, heavily dependent on the North American market and financial markets, is very sensitive to interest rate policy, Germany's already high interest rates, so that British assets have been flowing out, and now the Federal Reserve has raised interest rates again, it can be expected that domestic capital may leave the UK and return to the United States.

This is a very bad thing, the UK has been in the doldrums in recent years, and there is a serious need for more capital to promote the economy, but if all the money runs away, it will only make the current economy worse.

"Robin. I've got a lot of headaches, do you have any good ideas?"

"I think we have to unite Italy and Spain and France and Belgium and Luxembourg to put pressure on Germany, Italy and the Netherlands now also need to stimulate inflation to lower interest rates, and France, they don't want Germany to be the absolute dominant force in the community, which is very bad for the French. ”

"I'm afraid there is only one way, we have to slow down the pace of interest rate hikes in Germany, otherwise it will be a disaster. Now, you go and communicate with the French, and I'll go and contact Solchaga. ”

“......”

A butterfly flapped its wings on the other side of the Pacific Ocean, and a torrential rain fell deep in the Amazon jungle.

No one knew that the change that was supposed to happen a month later was a full month earlier. Of course, it can't be said that no one knows, as the guy who stirred his wings, although he didn't know what happened, he still guessed what would happen.

As for what the result will be, that's really no one knows.

Heavy or?

Nothing is so important.

Anyway, it's only going to get worse, not better.

When Eju wanted to replace the position of the dollar, everything was already doomed, because the political alliance is not a whole after all, and selfishness, people have it, and the country also has it.

Shen Jiannan is also selfish, and he is very selfish.

Huaxia, Shencheng.

The sun is like fire, scorching the earth, and standing on the street, you can faintly see the heat wave rising from the asphalt road.

At the beginning of midsummer, for some reason, the temperature has reached 32 degrees, and people who can be hot are sweating profusely after walking for a while.

Xuanwu Road, a crossroads.

After shopping with Aso Oritsuki for a long time, Lu Xinyue was a little thirsty, took a look at the store not far away, and walked over.

In the tall refrigerator, a dazzling variety of soda was arranged, and a clear glass bottle of light yellow orange juice attracted her attention.

Holding the orange juice in his hand, Lu Xinyue asked Aso Oritsuki.

"Weaving the moon. What do you want to drink. ”

When she was in Hong Kong and Aso, Aso Oritsuki habitually drank Pepsi, she wiped the sweat on her forehead and responded with a smile.

"Pepsi!"

When Shen Jiannan heard this, he immediately stopped, grabbed the orange juice in Lu Xinyue's hand and put it back in the refrigerator, looked at the drinks in the refrigerator, took out two bottles of drinks from it, and couldn't help but stuff them into the hands of the two of them.

"These two are good, let's drink this. ”

Lu Xinyue couldn't help but roll her eyes, without him, the drinks in Shen Jiannan's hand were all branded with the trademark of Jiuding.

"What a profiteer, even exploiting himself. ”

————

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