Background of the Event
Since June 29, multiple Fed officials, including Barkin and Kaplan, have commented on the prospects of the U.S. economy and monetary policy. Following the June FOMC interest rate meeting and Powell’s congressional testimony, the market has increasingly strengthened its view of the Fed's hawkish stance, thus focusing on statements from various Fed officials to speculate on the direction of U.S. monetary policy.
Market Impact
FOMC voter Barkin, Fed official Kaplan, and others made remarks, combined with the release of non-farm payroll economic data, boosting market optimism which pushed the dollar higher. The Nasdaq hit a new high and then saw minor pullbacks in the last two days, while the S&P 500 index reached record highs for several consecutive days, and the Dow Jones Industrial Average closed higher for multiple days.
Fellow investors are all paying attention
As the U.S. economy steadily recovers and concerns over high inflation grow, the market is becoming increasingly sensitive about when the Fed will shift its monetary policy. Therefore, recent speeches by Fed officials have become one of the hot topics in the Fellow Investor community. What insights do Fellow Investors have? Let’s follow Hot Topic Girl to take a look.~
What is the current system of the Fed's FOMC?
  @熔断大师傅: The Federal Open Market Committee (FOMC) of the Federal Reserve consists of seven members of the Board of Governors and five of the twelve regional Fed presidents. Among the regional Fed presidents, the New York Fed president is a permanent voting member like the governors, while the other four are rotating voters, changing annually. In 2021, Richmond Fed President Barkin and others will no longer have voting rights, but they still...