Analysts say the market for counterfeit products barely reacted after Federal Reserve Chairperson Jerome Powell expressed doubts about the possibility of further rate cuts this year. The crypto market may have bottomed out. Crypto analyst Matthew Hyland said on February 11 that the crypto market received the worst news of 2025 today, but counterfeit products have seen little to no sell-off, with some even rising. The market may have digested the expectation that the Federal Reserve will keep int...
According to Yonhap News Agency, the Bank of Korea plans to cut interest rates further next year in response to higher downside risks.
Mr. Musalem said further rate cuts were possible given the economic outlook; supported last month's decision to cut rates by 50 basis points; the Fed needed to be patient; inflationary pressures were expected to continue to moderate; and employment and inflation were in "good shape".