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The Federal Reserve's Mr. Bostic said officials should be cautious in their decision-making, preferring to keep interest rates high given uneven progress in reducing inflation. In a podcast recorded on December 9 and released on Tuesday, Mr. Bostic also said he expected inflation to continue to fall gradually to the Fed's 2 per cent target this year. He said he expected price pressures to subside, although at some point it might look like...
Raphael Bostic, president of the Atlanta Fed, said policymakers should be cautious about keeping interest rates high in order to achieve their price stability goal, given the patchy progress in fighting inflation. In a podcast recorded on December 9 and released on Tuesday, Bostic said he expected inflation to continue to decline gradually this year and reach the Fed's 2 percent target as soon as possible.
Federal Reserve Governor Cook: The Federal Reserve can take more cautious measures in cutting interest rates.
Qualcomm (QCOM. O) said it was "very satisfied" with Trump's nominee for the Commerce Department.
Federal Reserve Chairperson Jerome Powell: But still think we're on the right track on inflation.
The US economy remains very strong as the Federal Reserve makes progress in taming inflation, but the central bank is "not finished", said Mr. Kashkari. Mr. Trump's pledge to deport illegal immigrants on a large scale has raised questions about the likely impact on the economy and labour market. Mr. Kashkari said the deportation of migrants could cause "...
In the last 30 days, Sei Network has attracted nearly 808,000 new users in EVM alone. The number of new users has increased by 34% compared to the previous 30 days. Since the launch of SeiEVM, a total of 1.70 million unique addresses have made at least one transaction.
The Federal Reserve's Kashkari said an unexpected weakening in the labor force would lead to a reconsideration of interest rates; modest rate cuts are expected in the coming quarters.
Federal Reserve Governor Paul Waller: The Federal Reserve should be more cautious in cutting interest rates than it was at its September meeting.
Mr. Waller, the Fed governor, said the central bank should be more cautious in cutting interest rates than it was at its September meeting. The underlying expectation is a gradual reduction in the policy rate over the next year, which is currently at a restrictive level; if the economy develops as expected, policy can be adjusted to a neutral stance at a "steady pace".
Elon Musk: We've made a lot of progress with the Optimus robot. An Optimus robot built at scale will cost between $20,000 and $30,000.
On September 17th, Intel and Amazon Cloud as a Service (AWS) said on Monday that they will expand their cooperation to include joint investment in custom chip designs under a multi-year, multi-billion dollar framework. As part of the collaboration, Intel will produce artificial intelligence fabric chips for AWS on its state-of-the-art process node, Intel 18A. The company also said it plans to establish an Intel foundry as an independent subsidiary of Intel.
August 30th news, this afternoon, the real estate sector soared, and real estate ETFs rose by more than 6%. There are market rumors that the relevant parties are considering further lowering the interest rate of the stock mortgage, allowing the stock mortgage of up to 38 trillion yuan to seek re-mortgage, in order to reduce the debt burden of residents and boost consumption. According to the relevant plan, the stock mortgage customers can renegotiate the mortgage interest rate with the bank, ins...
The Federal Reserve's Bostic said that there is still some way to go on inflation; employment remains quite strong by historical standards; the Fed cannot wait for inflation to reach 2% before abandoning its restrictive stance; and it is still waiting for data to determine when to cut interest rates.
Musk has hired a U.S. Republican staffer with expertise in field organizing to help guide his political work, a move that suggests Musk is preparing to become more involved in Republican politics.
