Federal Reserve Waller: U.S. job growth is near zero. Inflation expectations have been anchored. Inflation is above target, but should decline in the coming months. 2026 could turn out to be a better year for the economy, hopefully that helps the job market.
The dollar recorded its worst performance in nearly three months on Wednesday as Federal Reserve Chairperson Jerome Powell highlighted labour market risks and played down inflation concerns in a speech. The dollar index closed down 0.4 per cent, its biggest decline since September 16, after the Fed decided to cut interest rates by 0.25 percentage points. "Powell is less bullish on the labour market than he was on previous forecasts," said Bank of America strategist Alex Cohen, adding that the Fe...
Federal Reserve Chairperson Jerome Powell refrained from commenting on the economy and monetary policy in his prepared remarks for a speech at Stanford University.
The Commerce Department on Tuesday released data on retail sales for September, delayed by the government shutdown. On an unadjusted basis for inflation, retail sales rose 0.2% in September, down from a 0.6% increase in August. Excluding cars and gasoline, retail sales rose just 0.1%. Among 13 categories...
On October 22nd, the China Securities Investment Fund Industry Association will soon release the exposure draft of the benchmark rules for public fund performance comparison. A number of managers, mainly top fund companies, have reported a number of indexes to be used as performance comparison benchmarks, covering broad-based, industry, style and other types. However, the overall attitude of regulators is more cautious about the number of indexes entering the actual benchmark database.
On October 22nd, Eric Trump, the second son of Trump, said in an interview with CoinDesk, I absolutely believe that Bitcoin will reach a million dollars. I think it will go up to $200,000 before we know it. I feel like we are going to have an amazing fourth quarter, which is always incredible for cryptocurrencies and always will be for Bitcoin. This is probably your best quarter. In light of the current surge in the global money supply, consider...
The market stocking slowed down before the festival, and the price trend of lithium products attracted attention. How are the prices of lithium carbonate, battery-grade lithium hydroxide and spodumene? What are the supply and demand changes behind it?
President Trump: The economy is doing well, prices are falling, and if the government has to shut down, shut it down.
According to Bloomberg analyst Eric Balchunas, a number of newly approved cryptocurrency ETFs have strong first-day trading data. Among them: the first 5 basket of spot crypto ETFs $GDLC turnover reached $22 million; Dogecoin ETF $DOJE turnover was $12 million; Ripple ETF $XRPR turnover was $15 million. Analysts said that while the first-day trading volume of these three products was much lower than the previous record performance of bitcoin ETFs, it still significantly exceeded the first-day tr...
The number of dissenting votes tonight is key to interpreting subsequent rate cuts. But each dissenting vote could be interpreted in three different ways, and it is terrifying to think that no one can tell whether they are motivated by genuine policy differences or purely political theater. Click to view