The neutral level of the central bank's policy rate may have risen since the COVID-19 pandemic, according to Bowman, a Federal Reserve governor. Several factors, such as low borrowing costs and supportive fiscal policy, immediately took hold after the outbreak of the epidemic, according to Bowman, which have kept the U.S. economy on a largely solid footing even after the Federal Reserve's sharp rate hikes in 2021 and 2022. The same factors could cause the so-called neutral rate to rise. Economists also refer to this level as the R-star (R *), the level at which the Federal Reserve neither promotes nor restricts economic activity. "One way to describe the resilience of real economic activity to rising interest rates in the recent tightening cycle is to say that some of the factors mentioned earlier contributed to the rise in R *," Mr. Baumann said.
Web3 Desktop Trading Tool
Stay ahead of the game in the cryptocurrency space.
Microsoft has announced that it has suspended about 3,000 Outlook and Hotmail accounts created by known North Korean IT employees, as part of its comprehensive crackdown on North Korean IT employee fraud, with the goal of stopping its global fraud conspiracy.
The number of wallets holding more than $1 million worth of Bitcoin increased significantly in the first half of 2025. Finbold's Cryptocurrency Market Report for the first half of 2025 shows that the total number of Bitcoin millionaire wallets increased by 26,758 from January 1 to June 30, from 155,569 at the beginning of the year to 182,327 at the end of June.
At the Hong Kong Digital Finance Awards 2025 awards ceremony today, Hong Kong's Secretary for Financial Services and the Treasury, Hui Zhengyu, said that Hong Kong is vigorously promoting the development of digital assets, and has gradually built a regulatory framework that balances risk management and investor protection, as well as industry development, to promote the sustainable development of Hong Kong's digital asset ecosystem. Xu Zhengyu mentioned that the Hong Kong Stock Exchange has deve...
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?