Federal Reserve Chairperson Jerome Powell on Wednesday warned against reading too much into data showing the largest month-on-month increase in the consumer price index (CPI) in more than a year, while acknowledging that the reading was significantly higher than expected. "The CPI reading is higher than almost all forecasts, but I just want to remind you of two things," Powell told the House Financial Services Committee hearing. "First, we're not going to get excited about one or two good readin...
Mr. Powell will be grilled on multiple fronts as investors look for clues about monetary policy at the hearing, which has received "excessive attention" from Mr. Trump.
Federal Reserve Goolsby: Still shouldn't focus too much on individual jobs reports.
On January 2, China 100 Group released a stock price change announcement. As of December 31, 2024, the number of shareholders of the company was 117,040, an increase of 83,121 from 33,919 on November 29, 2024. The number of shareholders has increased significantly. The shareholding ratio of natural persons exceeds the shareholding ratio of legal persons and institutions. Investors are invited to pay attention to investment risks and avoid blindly following the trend.
Ethiopia, which is fueling bitcoin mining with excess hydropower from Renaissance Dam, earned $1 billion last year, or 18% of its electricity revenue. The country's success in turning excess hydropower into a profitable asset has attracted a number of global investors, leveraging low energy costs to drive sustainable energy economic growth in Africa.
Federal Reserve Governor Paul Waller: Not satisfied with rising inflation, but don't want to overreact.
According to Slow Mist founder Cosine, Keystone's official X account was stolen, and users should pay attention to relevant security.
CKB Eco Fund posted on the X platform that the over-collateralized stablecoin protocol Stable ++ has been launched on the CKB mainnet and will implement the following functions: Generate RUSD stablecoins by over-collateralizing BTC and CKB. The first over-collateralized stablecoin on CKB for the Bitcoin and RGB ++ ecosystems. The CKB Lightning Network and BTC Layer 2 Network will be supported in the future.
The CEO of Coinbase said that bitcoin is a check against excessive inflation, and buying bitcoin is a vote against inflation.
The South Korean side said today's stock market decline was "excessive" and that it would closely monitor the foreign exchange and stock markets and take swift market stabilization measures if necessary.
The South Korean side said today's stock market decline was "excessive" and that it would closely monitor the foreign exchange and stock markets and take swift market stabilization measures if necessary.
The Federal Reserve Goolsbee said not to overreact to one month's employment data; has been warning that the Fed's current policy is tight and restrictive; the Fed must respond to the situation if the unemployment rate rises above 4.1%; the overall trend of the data will not change with one month's data; has seen the expected improvement in inflation.
On July 22nd, near the end of the session, many CSI 300ETFs were significantly increased, among which Huatai Berry CSI 300ETF (510300) traded more than 4 billion yuan after 14 points, and E Fund CSI 300ETF (510310), Huaxia CSI 300ETF (510330), Harvest CSI 300ETF (159919) traded more than 900 million yuan after 14 points. The transaction amount of the above four ETF funds after 14 points exceeded the sum of the transactions in the first three hours.
Federal Reserve Chairperson Jerome Powell: Although policy is restrictive, it is not overly tight, and the neutral interest rate may have risen.