剧透？美国央行将在9月份“绝对”将利率提高半个百分点

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　　旧金山联邦储备银行（Federal Reserve Bank of San Francisco）行长玛丽·戴利（Mary Daly）周日表示，美国央行将在9月份“绝对”将利率提高半个百分点，以试图抑制炙手可热的通货膨胀。

　　戴利在一档节目中表示，随着通货膨胀率达到9.1%——1981年以来的最高水平——而工资增长速度却没有这么快，美国人正在苦苦挣扎。戴利说：“美国人每天都在失利，所以重点必须放在降低通货膨胀上。”。加息之际，美国经济正徘徊在衰退的边缘。

　　美联储的玛丽·戴利（MARY DALY）说，她感觉不到通货膨胀，因为“我有足够的钱”，并补充说，“其他人的情况并非如此。”

　　商务部上周报告称，在今年前三个月下降1.9%后，第二季度GDP下降了0.9%。然而，戴利说，她没有看到通货膨胀嵌入到经济中，她说，经济已经显示出降温的迹象。她说：“我看到的是供需失衡。据我自己的员工估计，我们看到的过度通胀中，约有50%与需求有关，另50%与供给有关。”。

　　戴利说，她相信美联储有能力降低需求，他们已经看到房地产市场和投资正在降温。“所以我确实看到了经济正在降温的迹象，我们所做的利率调整需要一段时间才能完成，”达利说。“我们还远远没有完成，这是我们对美国人民的承诺。”

tcm328pan

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CFRA MAINTAINS BUY OPINION ON SHARES OF NVIDIA CORP.
NVDA provides preliminary Jul-Q update and now sees revenue of $8.1B (-19% from Apr-Q but +3% Y/Y), below its original $6.7B guidance. We attribute the massive shortfall to lower gaming sales (-44% from Apr-Q), which is seeing lower sell-through and forcing pricing cuts as channel partners lower inventory. Data Center held up well, up 1% from Apr-Q (+61% Y/Y), partly hurt by supply chain issues. Gross margin is being impacted by charges (about 46% seen for Jul-Q vs. 67% initial outlook), but we see expenses more tightly managed amid the consumer led industry correction. While we are clearly disappointed by the magnitude of the miss, we believe lower gaming sales de-risk many concerns - resides at the lowest level since the start of the pandemic (and 25% revenue representation a new low point). Instead, investors should look ahead to new product launches/catalysts (e.g., Hopper, Grace, auto inflection), with the biggest risk for NVDA/chip industry being the sustainability of data center demand in '23.