Inflation will slow significantly this year, allowing the Federal Reserve to keep cutting interest rates, according to former St. Louis Fed President Brad. Brad said it looks like the Fed is on track to cut rates two more times this year, by 25 basis points each. Fed officials were expecting two rate cuts in December. "I don't really see anything stopping them from doing that," he said. However, Brad said another rate cut in March appears premature. He said: "From what's going on...
Bitcoin futures unpositioned squaring contracts have risen sharply since Trump's election victory on November 5. Data show that bitcoin futures unpositioned squaring contracts have risen from $39 billion on November 5 to the current $60.90 billion, indicating increased trading activity and market speculation. Bitfinex analysts said the increase in unpositioned squaring contracts appears to be a natural increase, driven by expectations of future price appreciation. Leverage accumulation is a comm...
Federal Reserve Chairperson Jerome Powell said the overall economy is performing strongly, high inflation has eased significantly, and the labor market remains solid.
Fed Schmid said interest rates are likely to be significantly higher than they were before the COVID-19 pandemic; called for a prudent, gradual and prudent rate-cutting strategy; individuals prefer to avoid sharp rate cuts; "reasonably believe" that inflation will fall to 2 percent; and see the labor market normalizing, not worsening.
Federal Reserve Logan: Seeing a significant risk that inflation could persist above 2%, there are still "significant uncertainties" in the economic outlook.
The latest report from QCP Capital states that BTC price has rebounded strongly since last week's sharp market correction, but is still struggling to stay above the $60,000 level. The BTC put skew has recovered significantly from -25% during the panic to -5% before the wash, but the market remains cautious in the short term, expecting the BTC put skew to persist until September. In two major pullbacks in April and June this year, BTC recovered to above 70k in less than a month. With Blackrock co...
U.S. Treasury Secretary Janet Yellen on Thursday praised President Joe Biden for achieving a "remarkable economic recovery" and said second-quarter GDP and inflation data confirmed the country was on a path of "steady growth and lower inflation". Yellen said Biden had restored America's place in the world. This is the first time since Biden ended his campaign and endorsed Vice President Harris as his successor.
Tesla (TSLA. O): Sales growth is expected to decrease significantly in 2024.
Entangle announced that the issuance of NGL tokens has been significantly reduced. In addition, 25% of team tokens have been destroyed.
According to a statement on Tuesday, Cypherpunk Holdings has significantly increased its holdings of Solana tokens, with the number of SOL tokens in the wallet of the Toronto, Canada-based public investment firm exceeding 63,000, worth nearly $14 million, up from 6,131 SOL last month. In addition to the SOL purchase, the company also announced that it will run its own Solana validator and use its own Solana nodes to pledge 49,917 tokens (worth about $11 million), the majority of the tokens it ho...
Fed Chairperson Jerome Powell said inflation had slowed significantly, but remained above the 2 per cent target. Quarter 1 data "do not support" more confidence in the path of inflation, which is what the Fed needs to cut interest rates. GDP growth appears to have slowed in the first half of 2024.
On April 8th, silver prices surged significantly, closing up nearly 10% last week and reaching a new three-year high after reaching levels in June 2021. At present, silver prices are approaching $28 per ounce, with a slight increase of nearly 2% on the day. Analysts believe that the surge in silver prices to multi-year highs reflects the strong momentum of precious metals, which have not been affected by the US job market. Last week's hot employment report in the United States delayed the possib...
The market's response to the PCE report may be quite asymmetric, with higher than expected data leading to traders significantly resetting their expectations for interest rate cuts, and even completely abandoning their bets on June rate cuts! Click to view>& Gt;