Fed Focus on Inflation Continues to Drive Market Expectations
The Federal Reserve's recent rate decisions have emphasized the importance of controlling inflation. This has led to market expectations that interest rates will remain elevated for a longer period.
On September 30, Micron Technology is scheduled to release its earnings, which will focus on HBM orders, memory pricing, and profit margin guidance. Market analysts are anticipating continued improvement in these areas.
The Saudi East-West pipeline has resumed operations, but initial throughput capacity remains constrained. This has contributed to supply recovery expectations weighing on oil prices, with WTI near $90/barrel and Brent fluctuating around $99.
US President Trump and Chinese President Xi Jinping are expected to meet in Washington on September 24 to discuss topics including extending the trade truce expiring in November, agricultural and aircraft purchases, rare earth supply, restrictions on advanced technologies, and AI risk management. If the trade truce is extended, sectors such as semiconductors and cloud computing could benefit.