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The Three Words and One Answer from Yesterday's Press Conference: Wall Street is Pondering 'Waller's Approach'
In Waller's framework, after the target range rises to 3.75%-4%, the policy stance remains stimulative—this rate hike merely removed "one dose" of accommodation. The neutral rate—the core anchor for the Fed's assessment of policy tightness over the past decade—has been set aside from an operational ...
Treasury Yields Surge to 5.3%, Hitting Tech Stocks WEEX TradFi Daily | Aug 19
Long-end U.S. Treasury yields surged to multi-year highs, pressuring technology, semiconductor, storage, and optical communication stocks and driving a clear cooling in market risk appetite. At the same time, Anthropic’s revenue came in below some bullish expectations, prompting investors to reassess the AI growth narrative; Unitree Robotics officially listed on the STAR Market, extending momentum in robotics and embodied AI; while SpaceX and other commercial space names showed relative resilience. Investors are now focused on tonight’s Federal Reserve minutes for clearer signals on the policy path and broader market sentiment.
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