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12:53
JPMorgan Asset Management: The expected timing of the Federal Reserve’s interest rate cut may be postponed to the end of the year.
Glonghui, April 23 - Xu Changtai, Chief Market Strategist for Asia Pacific at JPMorgan Asset Management, pointed out that benefiting from U.S. tax refunds stimulating consumption and the boom in AI investment, the U.S. economy performed better than expected in the first half of the year, with projected growth reaching 3% to 3.5%. Against this backdrop, the conditions for a significant interest rate cut by the Federal Reserve are not sufficient, and the timing of rate cuts is expected to be delayed until the end of the year. Regarding inflation, although the situation in the Middle East has led to a rise in risk premiums and oil prices may remain high at 80 to 90 dollars per barrel, this is considered a one-off energy-driven shock and not a long-term trend.
12:51
Dow Chemical pointed out in its latest conference call that the global polyethylene market is facing multiple structural challenges.
Unplanned shutdowns of production facilities, supply bottlenecks for key raw materials, and restrictions on cross-border logistics and transportation—these threefold pressures are expected to continue reshaping the supply pattern of polyethylene products across various regions. The company emphasized that these factors not only affect short-term capacity releases but may also trigger a restructuring of the supply chain in the medium and long term. The supply-demand balance of polyethylene in different regions will show divergent trends, and the North American, Asian, and European markets may face distinctly different levels of product availability.
12:51
The Chief Financial Officer of American Airlines recently stated that, amid the ongoing recovery in aviation demand, further reducing flight capacity in the very short term would not be economically viable.
The executive pointed out that although airlines are generally facing cost pressures, the current level of market demand is sufficient to support the existing capacity scale. Overly reducing flight frequencies could instead lead to missed revenue opportunities and affect overall revenue performance. This statement reflects that airlines are trying to strike a balance between controlling operating costs and capturing market demand. As travel demand steadily recovers, American Airlines will continue to dynamically adjust its capacity deployment strategy based on actual booking data to ensure optimal economic benefits.
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