Next week's important macro data release nodes are as follows: Monday at 22:00, the monthly rate of wholesale sales in the United States in April; Monday at 23:00, the New York Fed's one-year inflation forecast in May. Wednesday at 20:30, the US CPI data for May. On Wednesday at 22:30, the EIA crude oil inventory, Cushing crude oil inventory, and strategic petroleum reserve inventory in the United States for the week to June 6. Thursday at 20:30, the number of people applying for unemployment be...
Next week's important events and data forecast: Tuesday: U.S. JOLTs open for March. Wednesday: U.S. Quarter 1 real GDP, core PCE price index annualized quarterly rate preliminary, U.S. core PCE price index monthly rate in March; Thursday: The Bank of Japan announces its interest rate decision, and Governor Kazuo Ueda will hold a monetary policy press conference. Friday: U.S. non-farm payrolls and unemployment rates after the April quarterly adjustment.
Russia's CPI rose by 0.33 percent in the week ending Dec. 23, and inflation this year has reached 9.5 percent, according to the latest weekly data released Wednesday by Russia's National Statistics Agency. The data comes after the Bank of Russia's surprise decision last week to leave its key interest rate unchanged at 21 percent. The regulator said recent tightening policies have created favorable conditions to reduce inflation to its target of 4 percent. Andrei Gangan, head of the central bank'...
According to a report released by the US Treasury on Wednesday, the US Treasury is concerned about the growth of the stablecoin market and believes that privately issued stablecoins should eventually be replaced by state-backed central bank digital currencies (CBDCs). "Similar to the replacement of privately issued'wildcat 'currencies by government-backed central bank currencies in the late 19th century, central bank digital currencies (CBDCs) may need to replace stablecoins as the dominant form...
In a research report released Wednesday by a16z crypto, a16z released seven findings on the state of cryptocurrencies in 2024, including: 1. Cryptocurrency activity and usage hit record highs 2. Cryptocurrencies have become a key political issue ahead of the US election 3. Stablecoins have found a product-market fit 4. Infrastructure improvements have increased capacity and significantly reduced transaction costs 5. DeFi remains popular and continues to grow 6. Encryption technology can solve th...
Preliminary benchmark revisions released by the administration on Wednesday are expected to show that non-farm payrolls grew by at least 600,000 weaker than current estimates in the year to March, equivalent to about 50,000 a month. JPMorgan forecasters put the downgrade at about 360,000, while Goldman Sachs said it could reach as high as 1 million.
A new project report published on Wednesday claims that the Bank for International Settlements (BIS) and the Bank of England (BoE) have been able to demonstrate that the balance sheets of asset-reference stablecoins can be regulated. The organizations said on Wednesday that the Pyxtrial project has developed a prototype data analytics pipeline that can provide regulators with information on stablecoin liabilities and their payments.