U.S. stock closed: popular Chinese stocks rose collectively

On Thursday, the three major indexes of the US stocks rose collectively, and the Chinese stocks rose, the Nasdaq China Golden Dragon Index rose more than 6%.

Data earlier that day showed that in the second quarter of the US GDP correction value, the annualization of the GDP fell 0.6%month -on -month, and the decline narrowed 0.3 percentage points from 0.9%of the initial value, which eliminated some concerns about the decline of some economy.

In addition, many Federal Reserve officials frequently released the eagle signal, but investors were not scared by it. San Louis Fed Chairman Brad said officials should take action quickly and increase the policy benchmark interest rates to a range of 3.75%to 4%by the end of the year. "The interest rate level is not high enough, and the policy interest rate needs to be adjusted to the level that can bring downward pressure to inflation."

George, Chairman of the Kansas City Fed, said that the Fed has not raised interest rates to the level of pressure on the economy, and may increase interest rates to more than 4%within a period of time.

Federal Reserve President Powell will speak on Friday, and the outside world generally expects that he may reiterate to continue to tighten monetary policy to fight inflation.

Robert Schein, chief investment officer of Blank Schein Wealth Management Company, pointed out: "We believe that Powell's comments will not lead to major fluctuations in the market. We expect Powell to continue to emphasize that the Federal Reserve's decision depends on economic data, and if PCE inflation data is high on Friday As expected, it will firmly eliminate expectations of the turning of monetary policy. "

Liz Young, director of SOFI investment strategy, said: "The market is trying to judge whether the Fed is in the middle of the interest rate hike or late. Now the direction is not clear. Powell's speech tomorrow is the key."

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