The Federal Reserve said it expects inflation to fall back to 2% by 2027. It does not think a recession is imminent.
Mr. Musalem said the labour market was at or near full employment. Given that inflation is likely to exceed the target, it is appropriate to keep policy as it is. Inflation may be higher than expected in the near term, and economic growth may be lower than expected.
On March 22nd, the State Administration of Financial Supervision recently issued the "Measures for the Administration of Agency Sales Business of Commercial Banks" (hereinafter referred to as the "Measures"), and the person in charge of the relevant departments and bureaus answered the reporter's questions on the "Measures". The person in charge pointed out that the "Measures" require commercial banks to establish and improve the whole process monitoring and management mechanism of agency sales,...
On March 12, Founder Securities announced that the seventh meeting of the fifth board of directors of the company agreed to sign the "Equity Sale and Purchase Agreement on 85.01% Equity of Credit Suisse Securities (China) Co., Ltd." with UBS and Beijing State-owned Assets Company, and sold the 49% equity of Credit Suisse Securities held by the company to Beijing State-owned Assets Company for 885 million yuan. On March 12, 2025, Credit Suisse Securities received the "Approval on the Change of Ma...
Federal Reserve Musallam: The economy is expected to continue to grow solidly, but recent consumer and housing data pose some downside risks. Restrictive monetary policy still needs to be maintained to ensure inflation returns to its 2% target.
The U.S. economy is expected to continue expanding this year, but recent weaker-than-expected consumption and housing data, as well as reports from business contacts, have raised concerns that growth could be at risk, St. Louis Fed President Robert Mousalem said. "Prospects for continued solid economic growth are good, the labor market is healthy, and financial conditions are supportive," he said. "But recent data have been weaker than expected, and there are some signs that...
Canada recorded a 2.5% monthly rate of retail sales in December, the largest increase since May 2022.
WalletConnect, which raised $10 million from four oversubscribed token sales, including a $500,000 private sale from token financing platform Echo, revealed that no further token sales are planned at this stage and deliveries will follow the product roadmap.
CoinList has announced that it will launch a token sale for Obol, the foundation of the L1 blockchain and decentralized infrastructure network. The purchase period for Obol sales begins at 17:00 (UTC) on February 24, 2025 and ends at 17:00 (UTC) on March 3, 2025. The sale price represents a 30% discount to Obol's $180 million FDV in its last venture round. The sale is not available in the United States, China, Canada and certain other jurisdictions.
According to the chain analyst @ai_9684xtpa monitoring, PAIN pre-sale list of a giant whale market value fell from the peak 257 million dollars to 150 million dollars, has not sold any tokens, floating profit 2.39 million dollars, he had invested 20,000 SOL two weeks ago to participate in the pre-sale (after the refund actually invested 4000 pieces, about 860,000 dollars); yesterday received 215,327 PAIN, 30,145 pieces into two new addresses and not sold, for the current personal holdings TOP1 a...
The Federal Reserve Bank of St. Louis is reviewing the Trump administration's executive order on financial regulators, said Mousalem, chairperson of the Federal Reserve Bank of St. Louis (FOMC 2025). The US banking system is strong and the capital position is good.
On February 14, the monthly rate of retail sales in the United States in January was -0.9%, and it was expected to be -0.1%. The previous value was revised from 0.40% to 0.7%. The largest decline since January 2024. (Jin Ten)
February 11 news, passenger branch data show that in January 2025 the national passenger car market retail 1.794 million units, down 12.1% year-on-year, down 31.9% month-on-month. January retail at a historical low, the growth rate of 31.9% is second only to January 2023's 41% decline. January new energy passenger car wholesale sales reached 889,000 units, an increase of 27.1%, down 41.2%. January new energy passenger car retail sales reached 744,000 units, an increase of 10.5%, down 42.9%.
China Ride Association: Tesla sold 63,238 Chinese-made vehicles in January.