On December 3, Federal Reserve Governor Paul Waller said he was inclined to support a rate cut at the Fed's meeting later this month, although he also said he might be open to the idea of keeping interest rates on hold. "Policy remains sufficiently restrictive that further rate cuts at the next meeting would not significantly change the stance of monetary policy and leave enough room for slowing the pace of rate cuts if necessary to maintain progress towards the inflation target," Waller said in remarks prepared for a meeting in Washington on Monday. Waller said he was troubled by slightly higher-than-expected inflation data over the past two months. He compared himself to a mixed martial arts fighter who "has been choking inflation and waiting for it to kick in, but it always slips out of my hands at the last minute". He said the Fed would not allow inflation to accelerate again. "Submission is inevitable, and inflation is not out of the octagonal cage yet," he said. Mr. Waller said that while inflation had been more stubborn in recent months, economic data and forecasts suggested it would return to the Fed's 2 per cent target.
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The People's Bank of China has publicly solicited comments on the "exposure draft" for the RMB cross-border transfer system. The "business rules" clarify the detailed processes of account management, capital injection, and fund settlement of CIPS participants. With the continuous optimization of CIPS functions and services, it is necessary to adjust the relevant content of the "business rules", only put forward principled requirements for participants' business behavior, ensure that the normativ...
The Ethereum Foundation today announced that it will provide three years of working capital support to Argot Collective, an Ethereum tool development team, to advance its continued contributions to Solidity language development and other critical open-source infrastructure.
Argot Collective was founded by former members of the Ethereum Foundation and focuses on the maintenance and optimization of Ethereum's core tools.
Swedish digital asset investment firm Hilbert Group AB (NASDAQ: HILB B) has announced the launch of a comprehensive cryptocurrency treasury strategy with Bitcoin as its primary reserve asset. The plan has been unanimously approved by the board of directors and is designed to respond to growing institutional interest in crypto treasury assets.
The treasury strategy will be overseen by a dedicated treasury committee, chaired by Chief Investment Officer Russell Thompson. Hilbert is currently evalua...
UK-listed company Cel AI announced that as part of its ongoing strategy to diversify its asset reserves, it bought 6.1794767 bitcoins at an average price of $109,791.00 per bitcoin, for a total investment of $678,450.93.
Previously, on June 30, Cel AI had raised 10 million pounds to buy bitcoin.
Gold regained some of the lost ground after the strong non-agricultural announcement, but the "flame" of the breakthrough may be extinguished by bears? Crude oil remains volatile, and short funds seem to have no intention of betting on the market to break...
Non-farm data destroyed expectations of a rate cut in July, but the dollar failed to maintain a rebound. The market is seeking a balance between "decent" economic data and the looming tariff storm. Are bulls facing the risk of a false breakout?
According to on-chain analyst Onchain Lens, cryptocurrency investor James Fickel (@jamesfickel) has deposited 80,000 Ethereum worth about $204 million into Coinbase Prime. Currently, the wallet still holds 7,278.87 Ethereum worth about $18.56 million.