On January 13, U.S. interest rate futures no longer fully priced in expectations that the Federal Reserve will cut interest rates even once this year, after Friday's strong monthly employment data underscored the resilience of the U.S. economy. Interest rate futures showed that traders expect the Federal Reserve to cut interest rates by only 24.26 basis points by December this year, compared with about 43 basis points before the employment data was released. At present, traders are increasingly ...
The Federal Reserve accepted a total of 45 counterparties in the fixed rate reverse repo operation of $98.356 billion, the first time since April 2021 below $100 billion. At the end of September 2022, the scale was as high as $2.426 trillion.
BlackRock released its Global Outlook 2025 report, saying that bitcoin, with its fixed supply and growing demand driven by investor confidence in its widespread adoption as a payment technology, has demonstrated its potential as a new type of diverse technology.
On November 30, the National Market Interest Rate Pricing Self-discipline Mechanism recently issued the "Proposal on Introducing" Interest Rate Adjustment Miscellaneous Provisions "in Deposit Service Agreements, requiring banks to include" interest rate adjustment miscellaneous provisions "in deposit service agreements signed with customers, effective from December 1, 2024. There is a misreading of this clause in the market, that is, if the deposit listing interest rate is reduced, then the prev...
On November 20th, Apple released an emergency security update to fix two zero-day vulnerabilities for Intel-based Mac users. These vulnerabilities involve WebKit and JavaScriptCore engines, which may trigger arbitrary code execution through malicious web pages or emails, allowing attackers to implant malicious software on the device. The vulnerabilities are CVE-2024-44308 (JavaScriptCore vulnerability) and CVE-2024-44309 (WebKit vulnerability), which were discovered by Google's Threat Analysis T...
Charudatta Shende, fixed income strategist at Candriam, the US investment manager, told a webinar that Candriam was taking a cautious stance on the US interest rate market. "We think rates are likely to rise and with that will come considerable volatility," he said. He said the policies of US president-elect Donald Trump would put upward pressure on inflation and support economic growth, although tariffs would ease that pressure to some extent. However, he added that the outlook for US fiscal po...
Whitney Watson, co-head of fixed income and liquidity solutions at Goldman Sachs Asset Management, expects the Fed to cut rates by 25 basis points in December. "However, with stronger data and the uncertain nature of fiscal and trade policy, there is a growing risk that the Fed may choose to slow the pace of easing," Mr. Watson said. "The word'skip 'could enter our vocabulary in 2025."
The Fed will cut interest rates by another 67 basis points in 2025.
Katharine Neiss, chief European economist at PGIM Fixed Income, said the Bank of England needed to be more convinced that inflation was on a downward trend before it could cut interest rates more quickly. The Bank of England's 25 basis point cut on Thursday did not surprise anyone, but Governor Bailey was cautious amid geopolitical headwinds, particularly from the US. Neiss said the UK now faced more potential inflationary shocks, "starting with the UK budget, which is more expansionary and infl...
Google is fixing a search issue that returns different results when querying "where can I vote for Kamala Harris" and "where can I vote for Donald Trump". Searching for "Kamala Harris" shows a polling station information window, while querying "Donald Trump" shows only news articles. The issue was noticed by Elon Musk on the X platform, prompting more than 4.50 million views. Google responded that the issue stemmed from "ha...
On November 2nd, the Federal Reserve accepted a total of 41 counterparties in the fixed rate reverse repurchase operation of $155.476 billion, the first time since May 2021 below the level of $200 billion.
Lending protocol Radiant has released a roadmap for post-attack repair, implementing a 3-day time lock on the LendingPoolAdressProvider, and is expected to resume existing Base and Ethereum mainnet market operations after being audited within 24-36 hours. The team will then fix the withdrawal and RIZ functions of ARB and BNB dLP, while redeploying the core market contract. After investigation, the team has determined that the attacker is related to the 2023 Poly Network vulnerability and is expl...
Sui tweeted that it has implemented a bug fix, which is currently effective in epoch564. The staking rewards for epoch560, 561, 562 and 563 have been distributed, and users can now cancel their pledges.