On November 8, when asked if the Federal Reserve was considering pausing interest rate cuts in December, Federal Reserve Chairperson Jerome Powell said at a press conference that as officials shift their monetary policy stance to neutral, they have not yet made a decision on what policy action the central bank will take in December. "In the face of an uncertain outlook, we are prepared to adjust our assessment of the appropriate pace and ultimate goal of monetary policy," he said. "If the labor ...
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 Governor Waller: If the labor market deteriorates, it may consider another 50 basis points rate cut.
Inflation could lead the Federal Reserve to cut interest rates less than expected in the coming years, according to Mr. Summers, the former Treasury secretary. "On the monetary policy front, the Fed faces the risk of higher inflation if it is to actually cut rates as much as it expects," he said. Fed policymakers' latest dot plot forecast for the median federal funds rate at the end of next year is 3.4 per cent, or 150 basis points on top of Wednesday's 50 basis point cut. Mr. Summers said that ...
Holtzmann, the governing council of the European Central Bank, said that October may not be the time to cut interest rates again, and 2.5% may be close to the neutral rate.
Dimon, CEO of JPMorgan Chase, expressed hope that the United States can achieve a soft landing; slightly questioned the prospect of "US inflation returning to 2%"; the 50 basis point Federal Reserve rate cut is not as important as people think; the United States is not currently in recession; will not leave the company for the time being.
This may be a good opportunity to lay out gold before the Federal Reserve cuts interest rates or even before the dust settles in the US election. So where might the discount zone be?
In the upcoming presidential debate, cryptocurrencies may be the focus of discussion. To that end, cryptocurrency advocacy group Stand With Crypto has launched an online letter-writing campaign, which has been signed by nearly 2,300 people, calling on CNN hosts to raise cryptocurrency-related issues. Sabrina Siddiqui, spokeswoman for the group, said it will help voters understand where the presidential candidates stand on this important economic issue. President Biden's digital asset policy reco...
On June 25, industry experts said that Coinbase could face regulatory challenges in complying with new U.S. Financial Accounting Standards Board (FASB) accounting standards. It is reported that the standard changes the accounting and disclosure of cryptocurrencies from a low-cost impairment model to a fair value model. The rules were agreed by the FASB in 2023 and will go into effect in 2025. However, companies are allowed to adopt the standards early, and some, including Coinbase, already follo...
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