N Huitong rose 220.93%, triggering a second temporary stop.
Musk has twice this month expressed support for auditing the Federal Reserve, but Trump's executive order explicitly rules out the Fed's monetary policy, and Bessant has also said there are no plans to infringe on the Fed's independence. Click to view...
The Federal Reserve's Bostic: We still expect two rate cuts this year, but there is a lot of uncertainty.
Mr. Bostic said the Fed was expected to cut interest rates twice this year. A lot could happen in the future that could lead to more or less rate cuts. The base rate is currently in a moderate tightening state, compared with the neutral rate of 3% -3.5%. The slowdown is a major concern because of the upcoming policy changes, but businesses expect 2025 to be a solid year, and so far the economy has shown resilience.
Traders cut their bets on the Federal Reserve to cut interest rates and now see a 50% chance of two rate cuts in 205. (Jin Ten)
Wells Fargo expects the Federal Reserve to implement two 25 basis point rate cuts this year, in September and December, after forecasting three rate cuts.
JPMorgan cut its forecast for the number of Fed rate cuts this year from three to two.
On December 26, local time on the evening of December 25, Yemen's Houthi rebels issued a statement saying that they carried out two drone attacks on Israeli targets. The first attack targeted a "sensitive key facility" in the Jaffa area south of Tel Aviv, and the drone successfully hit the target; the second attack targeted the industrial area in Ashkelon, which was also "successful".
Mr. Daly said the Fed was very pleased with its forecast of two rate cuts in 2025, while his own forecast was for much fewer cuts next year than previously expected.
Morgan Stanley: The Federal Reserve is expected to cut interest rates twice in 2025 by 25 basis points each, compared to the previous forecast of three 25 basis point cuts.
According to DogeDesigner, Musk has been at risk of being attacked twice in the past 10 months. DogeDesigner said Musk spent $44 billion to acquire Twitter (now renamed X) to defend free speech and even risk his life. Without the acquisition, the platform could become another media platform controlled by the US Democratic Party.
The whale, which had previously earned $15.69 million through two BTC bands, got back on the bus 11 hours ago and spent $53.65 million to buy 553.3 WBTC, with an average price of $96,966.
Barclays said it expected the Federal Reserve to cut interest rates just two times in 2025, by 25 basis points each, compared with a previous forecast of three cuts. The Bank of England is expected to leave rates unchanged at its December meeting, compared with a previous forecast of a rate cut.
The Federal Reserve's Daley reiterated his view that it may cut interest rates once or twice more this year.
Soneium, the Sony Layer 2 project, has announced two major upgrades at the end of this month, introducing Granite and Fjord via a dual hard fork upgrade, and updating its Layer 1 contract to v1.6.0. Soneium says these upgrades will improve its security and efficiency, prepare Soneium Minato to join Superchain and expand the Soneium ecosystem with other OP L2s, and they will also enable Superchain governance to oversee future L1 contract upgrades, thus strengthening the decentralization of its ec...