Powell said the Fed will be patient when formulating policies and pay close attention to factors that may pose risks to economic growth.

He publicly questioned Federal Reserve Chairman Powell's interest rate policy and claimed to "understand interest rates better than the Federal Reserve."

HawkInsight brings you an article on Trump's new policy on his first day in office.

At present, this expectation of raising interest rates is still a minority view, but the Fed has had precedents in the past for rapid changes in policy direction.

From the perspective of global money markets, gold's strong performance is not limited to dollar pricing.

The U.S. national debt is close to US$36 trillion, a significant increase from US$20 trillion when it first took office in 2017.

The market is optimistic about the upcoming PCE data.

Lagarde said: In 2024, we have made significant progress in reducing inflation.

Kazuo Ueda said Japan's inflation efforts have seen results and that if the economy continues to improve, the bank will raise interest rates.

Even gold denominated in the Swiss franc, which has always been considered a hard currency, has come out of the bull market.

First-time jobless claims rose to 258,000, much higher than the 230,000 expected by the market, raising concerns about the job market situation.

On Wednesday, data released by the Australian Bureau of Statistics showed that the country's monthly consumer price index (CPI) rose 2.7% year-on-year in August, down from 3.5% in July and in line with market expectations.

U.S. core inflation jumped 0.3% in August, boosted by rising housing costs. The Fed may reconsider future rate cuts as inflation concerns linger.

In its statement, the Riksbank of Sweden indicated that if the inflation outlook remains unchanged, the policy rate may be lowered by two to three more times this year.

U.S. inflation rose to 2.3% year-over-year in July. Energy prices spiked, with natural gas prices rising 11.4%. Services inflation slowed as transportation and communications prices fell.

Although the data is expected by the central bank, it will still have some impact on market expectations and the direction of monetary policy.

The GfK Consumer Confidence Index in Germany rose to -18.4 in August, and income expectations surged to their highest level since October 2021.

The Fed says that more good data is needed to boost its confidence that inflation is sustainably moving towards the 2% target.

Federal Reserve Chairman Jerome Powell will face pressure from lawmakers this week. Legislators are eager for the Federal Reserve to cut interest rates, while also expressing dissatisfaction with Powell's plan to increase capital requirements for Wall Street banks.

The Federal Reserve emphasized in its latest Congressional Monetary Policy Report that inflation has significantly eased and the rate of price increases has returned to pre crisis levels.