Nick Timiraos, "Fed Messenger", August 1: The Fed statement said that "the Committee is concerned about both aspects of its dual mandate." The statement removed language that policymakers have described as "highly concerned" about inflation risks over the past two years. The shift is significant because it suggests that inflation may no longer be an obstacle to rate cuts, especially as the labor market continues to cool.
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According to the Times of Israel, on Tuesday, Israeli Finance Minister Smotrich signed a directive to immediately remove all remaining import tariffs on American goods, in an apparent attempt to win a "reprieve" from reciprocal tariffs that the Trump administration is expected to announce on Wednesday. The order was coordinated by Israeli Prime Minister Benjamin Netanyahu and Economy Minister Barkat.
According to Zapper's official announcement, its .fi domain was hijacked by attackers through social engineering, and the current zapper (.fi) page is at risk. Users should avoid clicking on relevant links.
PIMCO expects the Fed to cut interest rates by another 50 basis points later this year, arguing that the Fed faces a tricky environment in which the risks of rising inflation and a slowing economy have conflicting implications for the bank's goal of "price stability and full employment."
The Department of Justice is seeking the death penalty for Luigi Nicholas Mangione, the suspect in the murder of the chief executive of United Health (UNH. N). The price of Luigi Nicholas Mangione-related Meme coins fluctuated sharply after the news was released.
OpenAI CEO Sam Altman said in a post on the X platform that the company is currently facing serious GPU computing pressure, which may lead to new release delays, occasional service interruptions or slowdowns. He called on those with 100,000 GPU resources to contact as soon as possible, and the team is working hard to solve the problem.
The Bitcoin Policy Institute, a US think tank, has proposed issuing "BitBonds" to support President Donald Trump's executive order to establish a strategic bitcoin reserve. The bond pays only 1% annual interest, but 10% of the proceeds from the issuance will be used to buy bitcoin, which will both ease the federal debt burden and expand the strategic bitcoin reserve. The think tank estimates that the plan could save up to $700 billion in interest expenses over a decade.
The market shows that BTC has broken through $85,000 and is now quoted at $85011.52, with a 24-hour increase of 1.71%. The market is volatile, so please do a good job in risk control.
U.S. stocks opened lower and rose higher, and the three major indexes collectively rallied. So far, the Nasdaq is up 0.5%, the S & P 500 is up 0.21%, and the Dow is up 0.01%.