US Federal Reserve Chair Jerome Powell will be attending a press conference on September 17, 2025, following the publication of a Federal Open Market Committee statement on interest rate policies in Washington, DC and Washington, DC.
Elizabeth Franz | Reuters
The US Personal Consumption Expense Price Index for August will be released on Friday. The Federal Reserve hopes the report shows that headline inflation is in line at 2.8% per year or below economists’ forecasts. Higher, investors may start to worry that last week’s Fed quarterly cuts were premature and that inflation could allow the claws to be submerged into the economy again.
Certainly, the profit 10 years and 30 years Treasurys rose following interest rate cuts as they tend to follow the direction in which interest rates move. Of course, there are other factors that affect yields, such as the level of government debt and fiscal policy. Therefore, the move by Treasurys could suggest that the bond market was not convinced that the current economic situation in the US would justify the reduction.
However, the stock market seemed to have dispelled these concerns. Friday, S&P 500 and Dow Jones Industrial Average Closed with another record. Additionally, all three major US indexes had strong shows the week. Nasdaq Composite 2.2% climbing.
Hindsight makes decisions clear. It gives you the power to glove with “I told you that”, or the embarrassment of continuing to wake up with your 2am finger.
Things you need to know today
Trump and XI will talk about Tiktok’s contract on Friday. The US and China said progress was made despite not reaching an agreement. The White House on Saturday added that the US will mostly “control” the app. On Sunday, Trump said Murdox was likely to be involved in the deal.
South Korea could face a crisis due to US investment. That’s true, according to President Lee Jae Myung, who told Reuters on Friday that $350 billion in the US investment (part of the country’s trade agreement) could shake South Korea’s economy without currency exchange.
LuxShare pops into Openai trading. Chinese companies assemble devices and count them as clients are reportedly producing consumer AI devices for OpenAI. Deep Shenzhen stocks Lux Shale Around 1:30pm (1:30am) Singapore time, about 10% of people popped out.
US stocks notched in victory week. On Friday, the S&P 500 and Dow Jones Industrial Arage hit new highs. The Asia-Pacific market was mixed on Monday. India’s clever IT index, which tracks the country’s high-tech stocks, has broken over 3% after Trump announced large fees for his H-1B visa.
(Pro) Check out the Fed’s priority inflation gauge. The Personal Consumption Expense Price Index will be released on Friday. If prices indicate a faster increase than expected, the market rate-cut mood could quickly become a turn.
And finally…
Warren Buffett and Greg Abel will walk through the Berkshire Hathaway Annual Shareholders Meeting held in Omaha, Nebraska on May 3, 2025.
David A. Grogen | CNBC
Buffett’s Berkshire will completely close profitable stock of Chinese EV manufacturer purchased for Munge
Berkshire Hathaway first purchased the BYD 17 years ago at the request of Charlie Munger. At the 2009 annual meeting, he told shareholders that he saw the company and its CEO, Wang Chuanghu, as a “damn miracle” despite it appearing “Warren and I were hooked.”
It was an incredible call. BYD shares rose approximately 3,890% in the year that Berkshire owned. However, readers of Buffett Watch noted that a first-quarter financial filing from Berkshire Hathaway Energy, a subsidiary that holds the stock, stated that the investment was zero as of March 31.
– Alex Clippen
