U.S. Treasury Secretary Vincent Bescent: He does not advocate for the Federal Reserve to shrink its balance sheet or abandon its abundant reserve system.
U.S. Treasury Secretary Vincent said he does not advocate for the Federal Reserve to shrink its balance sheet or abandon its abundant reserve system.
Federal Reserve Chairperson Jerome Powell has said that the Federal Reserve may end its balance sheet reduction in the coming months.
On May 10th, the research report of China International Capital Corporation pointed out that the expected reversal of the pig cycle has strengthened, and the plate has entered the layout period, and low-cost and high-flexibility pig companies have priority to benefit. From a cyclical perspective, we judge that the pig price has a quarterly upward basis from 2Q24 to the end of the year. From a corporate perspective, we judge that the current capital pressure of pig companies has reached a histori...