News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Russia’s Foreign Ministry has demanded consular access to Telegram founder and CEO Pavel Durov following his arrest on Saturday in France, with Russian officials reacting angrily to news of the arrest, according to the Wall Street Journal.French authorities plan to address Durov’s address in a statement on Monday, according to NPR.
Share link:In this post: Jerome Powell says rate cuts are coming, but history shows they might hurt the markets more than help. Lower interest rates could cause stocks to surge or crash, depending on how investors feel about the economy. Bitcoin could see a boost from rate cuts, but it also risks speculative bubbles and increased volatility.
Share link:In this post: The U.S. job market is holding steady, but the slight rise in unemployment has people wondering if more trouble is on the horizon. Bitcoin’s price is bouncing around, with the Fed’s potential rate cuts playing a big role in what might happen next.
- 21:25Potential Candidates for Fed Chair: Blaming External Factors for Inflation Concerns Actually Undermines the Fed's CredibilityAccording to a report by Jinse Finance, Kevin Warsh, considered a potential candidate for the Federal Reserve Chair next year, stated that the Fed's concern that "tariff increases may hinder inflation control" is damaging to its credibility. Warsh said, "When the Fed asserts that inflation will be affected by external changes in price levels, they are, to some extent, admitting something detrimental to their own interests. They are acknowledging that their credibility has already been damaged." Warsh also pointed out that the large and frequently expanding Federal Reserve balance sheet may contradict the main policy lever of setting short-term borrowing rates, but "if the printing press can quiet down, we can lower policy rates."
- 21:24Data: Probability of a 25 basis point rate cut by the Federal Reserve in June is 17.1%According to CME "FedWatch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points in June is 17.1%, while the probability of maintaining the current rate is 82.9%.
- 21:24US Dollar Index Falls 0.3% on the 9thAccording to a report by Jinse Finance, the US Dollar Index, which measures the dollar against major currencies, fell by 0.3% on the day, closing at 100.338 in the foreign exchange market.