On January 24, according to Fox Business News: President Trump signed an executive order establishing the President's Digital Asset Markets Task Force to strengthen U.S. leadership in digital finance. The task force is tasked with developing a federal regulatory framework to govern digital assets, including stablecoins, and evaluating the creation of strategic national digital asset reserves.
A spokesperson for the Korea Stock Exchange said it was assessing whether normal trading would resume on Wednesday, retracting earlier information that trading would proceed as usual.
Capital Economics assessed that today's Fed rate decision was hawkish. "All things considered, we now expect the Fed to end this easing cycle earlier than before. We expect an additional 25 basis points of rate cuts at each meeting through May, with rates bottoming out between 3.50% and 3.75%, 50 basis points higher than our pre-election forecast.
On October 25th, Li Qiang presided over an executive meeting of the State Council to exchange views on the economic situation and the implementation of a package of incremental policies. The meeting emphasized that it is necessary to closely focus on efforts to achieve the annual economic and social development goals, continue to grasp the implementation of a package of incremental policies, evaluate and optimize policies in a timely manner, increase counter-cyclical adjustment efforts, and furt...
The Fed meeting notes that a smaller rate cut would give more time to assess the state of the economy.
State Department: According to U.S. assessments, Israeli ground operations in Lebanon have so far remained limited. Israel is expected to strike Hezbollah in a manner consistent with international humanitarian law.
According to TASS, an oil refinery fire in Moscow has been rated as the most complex.
The theme of this year's Jackson Hole central bank meeting is "Reassessing the Effectiveness and Transmission of Monetary Policy", which will talk about the strength of the US economy despite interest rate hikes of more than 5 percentage points and its defiance of many recession predictions. Monetary policy is likely to have less impact on the real economy than in past interest rate cycles, both due to legacy problems of low interest rates that prevailed from 2009 to 2022 and because of...
The theme of this year's Jackson Hole Central Bank Annual Meeting, "Reassessing the Effectiveness and Conductivity of Monetary Policy," will speak of the strength the U.S. economy has maintained despite interest rate hikes of more than 5 percentage points, and its defiance of numerous recession predictions. Monetary policy may have less impact on the real economy than in past interest rate cycles, both due to legacy problems of low interest rates that prevailed from 2009 to 2022, and due to the ...
ECB President Christine Lagarde: The ECB needs time to assess the uncertainty of inflation. The work is not yet done and must remain vigilant.