Mr. Goolsbee of the Federal Reserve signalled that he remained uneasy about cutting interest rates again at the Fed's December meeting. Mr. Goolsbee said on Thursday that the fall in inflation "seems to have stalled, and even warns that it is going in the wrong direction. So that makes me a little uneasy." A growing number of policymakers are expressing concern about cutting interest rates too much while inflation remains high....
Now that I've got the answer, it's really interesting how things work, CZ said in X. I'll take a day or so to think about it, as I usually do when making big decisions. Do I respect his privacy or expose the dog for career? Maybe I'll interact with a few memes on the BNB chain. Previously, it was reported that CZ announced its pet dog breed and replied to netizens who asked how Meme operated and created the photo of its pet dog's name, and how to determine which one is the official dog.
South Korea's Financial Services Commission (FSC) said it plans to gradually lift restrictions on institutional investors opening accounts on cryptocurrency exchanges. The FSC will work with the Digital Assets Commission to open up the participation of non-profit organizations for the first time. Currently, South Korea's Financial Information Use Act only allows real-name verified retail investors to trade cryptocurrencies. The move is part of President Yoon's commitment to promote the developme...
OpenAI says it has identified the cause of the outage of ChatGPT, API, and Sora services.
Initial U.S. claims for unemployment benefits fell last week, suggesting the economy still avoids a wave of mass layoffs in the final stretch of 2024. The Labor Department said Thursday that 219,000 people filed for new unemployment benefits in the week ending Dec. 21, compared with 220,000 the week before and market expectations for 225,000. The U.S. unemployment rate is currently 4.2 percent, which is still fairly modest by the standards of the past decade. But at 202...
OpenAI says ChatGPT is currently experiencing an outage. The issue has been identified and efforts are underway to roll out a fix.
TD Securities said the latest market reaction following Trump's victory suggested that the market expected a combination of tax cuts and tariffs to push up the Federal Reserve's neutral interest rate. We are changing our forecasts for the Fed because rising inflation will lead to a slower pace of rate cuts in 2025. We now expect the Fed to cut rates by 25 basis points each in November, December and January, then pause in March. The Fed will continue to cut rates - pause - cut rates in 2025, and ...
Recent US data suggest the Fed could cut rates by 25 basis points in the middle of the week. Kit Juckes, macro strategist at Socie ́ te ́ Ge ́ ne ́ rale, said the market could force the Fed to cut rates by 50 basis points. He added that US retail sales and industrial production data in the coming days could influence perceptions, saying the FOMC might be concerned about falling behind if weak retail sales pushed pricing higher.
As Terraform Labs (TFL) begins to wind down operations, Proposition 4818 will be the last chain upgrade they implement, Terra said. Under TFL's settlement agreement with the Securities Exchange Commission (SEC) and the implementation of its proposed Chapter 11 bankruptcy plan, TFL will no longer be able to support future chain upgrades. Terra said that in the future, it will seek community-driven initiatives such as Phoenix Directive to take over responsibility for the maintenance and operation ...
The situation in the Middle East shows that any attack on Israel will happen within days, so it may fall on the weekend again. Traders need to be alert to the risks facing the opening of the market on Monday.