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Eric Winograd, senior economist at Alliance Bernstein, wrote that the Fed needs to make progress on inflation and "some softness" in the labor market before it can cut rates again, which could take several months. A rate hike is unlikely as there is no sign of inflation picking up again. Winograd said the three-month moving average increase in payrolls was unchanged from November, in addition to the strong headline data. The unemployment rate edged down to 4.1 percent from 4.2 percent, and "has ...
CryptoQuant analysts wrote that around December 21, 2024, institutional investors sold about 79,000 bitcoins in a week, leading to a 15% correction in the market. However, large institutions then took advantage of the market consolidation period to continue buying below $95,000 with a time-weighted average price (TWAP) strategy. Over the past 30 days, institutional investors have accumulated more than 34,000 bitcoins, providing buying support for the recent rally in bitcoin. Although there are a...
Deutsche Bank strategist Volkmar Baur wrote that the yen will remain structurally weak after a brief strengthening, and the Bank of Japan is expected to raise interest rates again in December. The yen will weaken again, as the real rate hike cycle is obviously not coming, and the dollar/yen will strengthen next year. The Bank of Japan is very willing to raise interest rates again, but considering the dovish comments of the deputy governor before, it is too early to raise interest rates in Septem...
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