$HACHIとは

On August 20, Goldman Sachs Chief Economist Jan Hatzius stated in a recent commentary that the market's pricing for a September FOMC rate hike remains hawkish. The firm assesses that unless there is a significant reversal in the August data released in early September, the likelihood of a rate hike at the Fed's meeting on September 15-16 is already 'very low.' Reasons provided by Goldman include: a noticeable slowdown in job growth, cooling consumer momentum, and a more likely continued improvement in inflation trends. From Goldman’s perspective, recent data is weakening the case for a rate hike. Reportedly, potential job growth in the US for July was only about 5,000, below the level needed to maintain balance in the labor market; weak retail sales suggest that consumer growth may slow to 1% to 1.5% in the second half of the year; and core PCE inflation is still expected to gradually decline, approaching the 2% target by 2027. Hatzius believes that after two consecutive months of soft employment and inflation data, the threshold for dovish committee members to support a rate hike will be very high. However, the Fed's meeting minutes introduced new disturbances to the market. The minutes from the July meeting, released in the early hours of August 20 Beijing time, indicated that the number of officials supporting further tightening had increased since June, with several officials suggesting that if inflation does not continue to cool, higher rates may still be needed in the future. This makes it difficult for the market to directly bet on a 'Goldman-style easing interpretation,' and short-term rates and tech stock valuations will continue to be affected by fluctuating policy expectations.

On August 20, Goldman Sachs Chief Economist Jan Hatzius stated in his latest commentary that the market's pricing for a rate hike at the September FOMC remains hawkish. The firm assesses that unless there is a significant reversal in the August data released in early September, the likelihood of the Federal Reserve raising rates at the meeting on September 15-16 is already 'very low.' Reasons provided by Goldman Sachs include: a noticeable slowdown in job growth, cooling consumer momentum, and a trend in inflation that is more likely to continue improving. From Goldman Sachs' perspective, recent data is weakening the case for a rate hike. Reportedly, potential job growth in the US for July was only about 5,000, below the level needed to maintain balance in the labor market; weakening retail sales suggest that consumer growth may slow to 1% to 1.5% in the second half of the year; and core PCE inflation is still expected to gradually decline, approaching the 2% target by 2027. Hatzius believes that after two consecutive months of soft employment and inflation data, the threshold for dovish committee members to support a rate hike will be very high. However, the Federal Reserve's meeting minutes have introduced new disturbances to the market. The minutes from the July meeting, released in the early hours of August 20 Beijing time, indicate that officials supporting further tightening have increased compared to June, with several officials stating that if inflation does not continue to cool, higher rates may still be needed in the future. This makes it difficult for the market to directly bet on a 'Goldman-style easing interpretation,' and short-term rates and technology stock valuations will continue to be influenced by fluctuating policy expectations.

On August 20, autonomous AI security agent V12 tweeted that the Rabby Wallet extension has a silent signature extraction vulnerability. If users connect to a malicious DApp and set the automatic lock time to 10 minutes, their funds may be emptied after staying for about 10 minutes and then unlocking the wallet. Rabby Wallet subsequently responded via tweet, stating that the team released an update to fix the vulnerability on August 11 after discovering it, and users need to ensure that the Rabby extension is updated to the latest version. The mobile app is not affected. Additionally, they mentioned that the conditions for triggering this vulnerability are very limited (users must connect to a malicious site and manually set the automatic lock to 10 minutes), and the team has not detected any actual exploitation cases.