U.S. Treasury Secretary Vincent Bescent said Russia could win sanctions relief if it cooperated in peace talks. Bescent stressed that Trump is committed to ending the conflict as soon as possible. Click to view...
Federal Reserve Governor Barr said the central bank could take action if inflation falls faster than expected or if the labor market becomes weaker than expected.
Dogecoin UI designer DogeDesigner revealed in an X post that Musk said that if all goes well, SpaceX will use the Optimus robot and Grok to send the Starship rocket to Mars within three years.
President Trump has told Russian President Vladimir Putin that tariffs and sanctions will be imposed if no deal is reached.
According to BitcoinNews, Italian lawmaker Marcello Coppo said that if the United States establishes a strategic reserve of bitcoin, it is not a fantasy for other countries to follow suit. However, he believes that Italy does not yet have the conditions to establish relevant reserves in the coming months.
Francesco Pesole, an analyst at ING, said in a note that the dollar could appreciate if data released later showed that U.S. core inflation remained high in December. He said that the market generally expects core inflation to be 0.2% and 0.3% month-on-month, with an average expectation of 0.25%. ING expects the data to record an increase of 0.3%, which could increase expectations that the Federal Reserve will take cautious measures to cut interest rates, which could help the dollar appreciate. ...
According to Interfax, Russian President Vladimir Putin has said that if it is necessary to use more powerful medium-range weapons, they will do so.
Bank of Japan Governor Kazuo Ueda said that if the economy and price conditions continue to improve, the Bank of Japan must raise policy rates accordingly. If monetary policy remains too loose, it may force the Bank of Japan to raise interest rates quickly, which will have a negative impact on sustainable economic growth. (Jin Ten)
Federal Reserve Chairperson Jerome Powell said the Fed would do better on inflation if it remained independent. The Fed needs to maintain a high degree of transparency, which requires the Fed to remain independent. There has been a strong response to inflation, which has helped anchor inflation expectations. Mr. Powell said the Fed does not consider the interests of any political party when making decisions. Politics could be a distraction.
The Fed could pause its easing cycle as early as December if Mr. Trump wins the US election this week, according to David Kelly, an analyst at JPMorgan. Mr. Kelly believes Mr. Trump's expansionary fiscal policy plans will push up inflation and stop interest rates from falling. "If Trump wins the election then he will be more expansionary in fiscal policy, potentially triggering a trade war, deficits will widen and interest rates will rise," he said. Mr. Kelly also said the Fed would almost certa...