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Seema Shah, chief global strategist at Principal Asset Management, said that while the case for easing has strengthened, there is currently little economic justification to implement a 50 basis point rate cut equivalent to an emergency level. If the Fed chooses to do so, markets could interpret it as politically driven rather than data-based decisions. This could push up inflation expectations and term premiums, sending long-term yields higher, undermining conditions that have been supporting ri...
Argentine regulators said they had no right to intervene to resolve the dispute because the sale of Libra was beyond their jurisdiction. Argentina's National Securities Commission (CNV) "has so far chosen not to intervene" in the LIBRA incident "because the current regulatory framework does not cover token advertising on decentralized platforms".
