每日晨读金融时报 05Dec2022 英语口语听力 附原文及实用单词短

【今日单词】reinforce /riːɪnˈfɔːs/verbstrengthen or support (an object or substance), especially with additional material."the helmet has been reinforced with a double layer of cork"----------------------------原文如下：The day in the marketsby  George Steer (来自：The Financial Time 金融时报)What you need to know• Dollar sinks, with investors increasing bets on slower Fed rate rises• Sterling, yen and euro jump as reports point to easing US inflationary pressure• Treasuries rally strongly following Powell’s more dovish messagingThe dollar sold off yesterday after a closely watched measure of inflation came in lower than expected and a speech from Jay Powell raised hopes that the US Federal Reserve would soon slow its rate rises.A measure of the dollar against half a dozen peers fell 0.7 per cent in afternoon dealings in New York.The pound jumped 1.5 per cent to $1.2240, with the euro rising 0.8 per cent and Japan’s yen rallying 1.7 per cent.Yesterday’s fall in the dollar is the latest sign of a shift in market expectations for the path of Fed rate rises — an issue that has dominated global markets this year.A report in mid-November showed US inflation eased in October to the lowest rate since January, fuelling hopes that the central bank will slow its rate increases.“The market has taken the view that inflation is already history and that the Fed will pivot pretty soon and that rate hikes will diminish from December onwards,” said Didier Rabattu, head of equities at Lombard Odier Investment Management.Powell reinforced talk that the Fed would take a more dovish approach with a speech late on Wednesday, in which he said: “The time for moderating the pace of rate increases may come as soon as the December meeting.”A pair of reports reinforced the view that US inflation may finally be slowing. The US core personal consumption expenditures index, the Fed’s preferred inflation gauge, rose 0.2 per cent in October from the previous month, according to data from the commerce department. Wall Street had expected an increase of 0.3 per cent.A survey from the Institute for Supply Management showed cost pressures in the US’s manufacturing industry were cooling at the fastest pace since 2020.Trading in the futures market shows investors now expect the Fed to raise its main interest rate to about 4.9 per cent in June next year — from a high of 5.14 per cent in early November.US government bonds rallied strongly as Powell’s more dovish messaging filtered into fixed income markets.The 10-year Treasury yield fell 13 basis points to 3.57 per cent.In equities, the benchmark US S&P 500 fell 0.3 per cent after posting its first back-to-back monthly gains since 2021 and the Nasdaq Composite fell by roughly the same margin.Across the Atlantic, the pan-regional Stoxx Europe 600 index rose 0.9 per cent.

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