Market 01/29: FED and Powell Decisions as Expected

On the occasion of the new year of the Wood Snake (Ất Tỵ), on behalf of the entire Viet Hustler team, Steve wishes our dear readers a new year of peace, prosperity, and abundance.

If you missed the best recent articles:

• Why Did US Banks Achieve Record Earnings in 2024?

• AMD - Has the Time Come to Turn Around?

• Global Autonomous Vehicle Race: Waymo, Tesla, Uber and the Strategy Puzzle

• China: Changes and Challenges

• What Does Economic Data Before FOMC Say?

Key highlights:

• FED keeps interest rates as expected

• Powell: "FED acts completely independently"

• 2 million government employees invited to resign

• Judge postpones order to halt budget allocation

• Trump considers sanctioning China after DeepSeek

• Crude oil inventories reverse, production drops sharply

• ASML: Financial report lifts entire chip sector

• Starbucks: Officially turning around

• Market: Stable on FOMC day, satisfied with Powell