Golden Web3.0 Daily Report | Trump Reiterates Fed Chair Should Cut Rates
Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.
JinseFinanceJinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.
JinseFinanceFederal Reserve, Crypto Market, Possibility of a Bull Market Drive by the New Fed Chair (Golden Finance), Accelerated Rate Cuts, Resumption of QE?
JinseFinanceCryptocurrencies are bracing for a Federal Reserve rate cut as Washington debates central bank independence; traders are betting that looser policy will boost risk appetite for BTC, ETH, and SOL.
JinseFinanceEconomist Sumerlin believes a more aggressive rate cut is appropriate, potentially allowing for a 50 basis point reduction, while also emphasizing the importance of Fed independence. Jefferies market strategist David Zervos supports a significant rate cut, undeterred by unexpectedly strong U.S. producer price inflation data.
JinseFinanceThe U.S. Federal Reserve appears to be preparing for a gradual reduction in its benchmark interest rate, as Federal Reserve Chair Jerome Powell indicated during a speech at the National Association for Business Economics conference in Nashville, Tennessee.
WilfredPowell emphasizes economic factors over politics in rate decisions. Balance sheet reduction aims for stability. No stagflation concerns. Market rallies on rate hike unlikelihood. Bitcoin dips 4.6% on Powell's remarks. Analysts note central bank influence on asset prices.
Huang BoThe Federal Reserve chair said that payment stablecoins are money, and that the central bank should play a role in approving their issuance in the U.S. A top House Democrat sounded skeptical of the current draft bill to create a comprehensive framework for stablecoins.
TheBlockOne of the crypto winter catalysts was the Federal Reserve's announcement of a rate increase to curb inflation, taking the ...
BitcoinistMichael Barr was on the advisory board of Ripple Labs from 2015 to 2017 and has called on lawmakers to create a regulatory framework on stablecoins to prevent the risk of runs.
CointelegraphIn a 52–43 vote on the Senate floor on Tuesday, U.S. lawmakers confirmed Lael Brainard as vice chair of the Federal Reserve System for four years.
Cointelegraph