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Mr. Daley, president of the San Francisco Fed, said cryptocurrencies should be treated as a separate asset class, not gold, and were complex and not ready to become "money".
Mr. Daley, president of the San Francisco Fed, said cryptocurrencies should be treated as a separate asset class, not confused with gold as is often the case, and were complex and not yet ready to become "money". "I think cryptocurrency is a complicated thing, and the service we need to provide for everyone is to really decipher what it means, and once we do that, we can define it," Daly said.
The Federal Reserve Harmack said Friday that it may be time for the Fed to slow the pace of interest rate cuts. She believes the Fed's policy rate may not be much higher than neutral. Harmack noted that financial marekt expects the Fed to cut rates only once in the next two meetings and said that expectation is in line with her view. She said inflation, economic growth and the labor market remain stronger than the Fed expected in September. Harmack's remarks were the clearest hint in recent Fed ...
The Federal Reserve may pause interest rate cuts at its upcoming meeting.
Federal Reserve Governor Paul Waller: The Federal Reserve should be more cautious in cutting interest rates than it was at its September meeting.
The Federal Reserve meets today and will decide the direction of medium- and long-term financial marekts, QCP Capital said in its latest report. Market participants expect a 33% chance of a 25 basis point cut and a 66% chance of a 50 basis point cut, according to Fed Funds Futures Pricing. However, economists polled by Bloomberg believe a 25 basis point cut is more likely, with 104 out of 114 predicting it will happen. Only 9 out of 114 economists expect a 50 basis point cut. QCP C...
Federal Reserve Governor Paul Waller said on Wednesday that the time for the Fed to cut interest rates was "getting closer", but uncertainty about the direction of the economy made it unclear when rates might be cut. "I believe the current data is consistent with achieving a'soft landing 'and I will be looking for data to support that view in the coming months," Waller said. "While I don't think we have reached the end goal, I do believe we are getting closer to the point where there is a case f...
According to the Wall Street Journal: Federal Reserve Williams said the Federal Reserve is closer to cutting interest rates, but not ready to implement them. Seeing a general decline in inflation, the United States may need to cut interest rates in the coming months.
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