<Anchor> It



's friendly economy time.

Reporter Han Ji-yeon is also here today (the 30th).

Fed Chairman Powell's remarks are really tough, the aftermath.

Yesterday the exchange rate rose a lot, but the stock market also fell a lot. 



<Reporter>



Yes, it was truly a 'Powell shock'.

Yesterday was Black Monday in the domestic stock market.

Both the KOSPI and KOSDAQ fell more than 2%.



The KOSPI also slid below 2,420 during midday, closing at 2,426.89, down 2.18% from the previous trading day.



Based on the closing price, it is the lowest since the 27th of last month.

The drop was the biggest since June 22.



The KOSDAQ also fell 2.81% from the battlefield, dropping below 800.



Chairman Powell said in his Jackson Hole speech on the 26th that it was not the time to take a break from rate hikes, and that the FOMC in September could carry out another exceptionally large rate hike, a giant step.



The three major indices of the New York Stock Exchange, which fell by 3% on the day of the remark, fell all at once today.



Looking at the numbers just closed, the Dow fell 0.57%, the S&P 500 fell 0.66% and the Nasdaq fell 1.02%.



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What is the reason that Chairman Powell's remarks have such a bigger impact on the market?



<Reporter> When



expectations are high, disappointments are bound to be great.



This is because investor sentiment has sharply contracted after Chairman Powell's remarks, which were overly optimistic about the recent economic situation and then poured cold water on them.



One of the expectations of investors is the Fed's 'pivot', that is, a policy change. The Fed is now raising interest rates to catch inflation, but it will eventually adjust its pace due to concerns about a recession.

This is the logic.



But it was only a vain hope.

The stock price has risen recently, but it turns out that it is just a 'bear market rally', which means a short-term rebound in a bear market.



It means that the market reacted with only 'expectation' that things would improve in a situation where there are still risks of inflation and rising interest rates.



<Anchor>



So, how long do experts expect the current bear market, that is, the very bad situation in the stock market, to continue? 



<Reporter>



There will be a bear market rally in the middle, but the trending bear market is likely to continue for the time being.



The US interest rate will be decided at the FOMC meeting next month.



Chairman Powell's remarks like this mean that the Fed's hawkish stance will not easily change in the meantime.



There were also dark prospects for the Korean stock market, and some experts say that if the KOSPI goes further down here, it could threaten the 2,200 level.



If the employment data released this week are optimistic, the Fed could ease concerns over a recession.



But right now, just such prospects are emerging.

Then you just have to raise interest rates to catch inflation.



But there are no variables.

This is the consumer price index for August to be announced ahead of the FOMC.



If this is lower than market expectations, it could serve as a strong signal that the price peak has passed.



<Anchor>



The number of vacant rental public housing is increasing over time?



<Reporter>



Yes, the number of public rental housing vacant for more than 6 months was calculated to be 3.5% as of the end of June this year. will.



In particular, 'Happy Housing', which is provided for housing stability for young people such as beginners and newlyweds, has a higher unrented rate.



From 4.4% in 2017, it increased to 9.1% in June this year.



When I looked at why it wasn't popular, the saying that cheap is expensive was just right.

First, the small area is the reason.



In the case of Happy Housing, small pyeongs of less than 40 square meters are mainly used. In one area of ​​Jeollanam-do, the unrented rate was only 1.5% in 36 square meters of exclusive area, but it increased to 75% in about 26 square meters.



Another reason was the mismatch between supply and demand, which should be viewed as a failure in forecasting demand.



There was an oversupply in areas where there was not much demand, resulting in high vacancy rates.

If it is vacant, you will forget the rent and management fee.



The financial situation is bound to deteriorate, and it is pointed out that housing tailored to demand is needed.