Investment Learning

  • September 26, 2024

Federal Reserve Establishes Benchmark Rate Committee

According to Odaily, Federal Reserve's John Williams announced the formation of a new committee dedicated to the use and understanding of benchmark rates. This committee aims to assist the market in effectively utilizing and comprehending these rates. Williams did not provide any comments on the current economic situation or monetary policy during his announcement.Additionally, Federal Reserve Chairman Jerome Powell, in his brief opening remarks at the New York Federal Reserve, refrained from discussing monetary policy or the economic outlook.

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  • September 26, 2024

Revised U.S. GDP Data Shows Faster Growth in 2023

According to BlockBeats, revised U.S. GDP data released on September 26 indicates that the American economy grew faster in 2023 than initially expected. Despite significant interest rate hikes by the Federal Reserve, increased business investment and consumer spending contributed to this upward revision. The GDP growth rate for 2023 has been adjusted to 2.9%, up from the previously estimated 2.5%. This revision was also influenced by an upgrade in residential investment, including residential construction. Additionally, the economic growth rate for 2022 has been revised upward by 0.6 percentage points to 2.5%, primarily due to higher consumer spending and business investment. The annual benchmark data from the U.S. Bureau of Economic Analysis (BEA) also revealed a significant upward revision in corporate profits for the previous year. Adjustments to inflation were minimal, while the savings rate saw an increase. Dave Wasshausen, Deputy Director of the BEA's National Economic Accounts, stated that the overall economic condition remains unchanged.

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  • September 26, 2024

U.S. Second Quarter Economic Indicators Released

According to Odaily, the United States' economic indicators for the second quarter have been released. The core Personal Consumption Expenditures (PCE) price index annualized quarterly rate stood at 2.8%, matching both the forecast and the previous value of 2.8%. This measure is closely watched as it reflects the underlying inflation trends excluding food and energy prices.The actual Gross Domestic Product (GDP) annualized quarterly rate for the second quarter was confirmed at 3%, aligning with expectations and the previous figure of 3%. This indicates steady economic growth during the period.However, the actual personal consumption expenditures annualized quarterly rate for the second quarter was slightly lower than anticipated, coming in at 2.8% compared to the expected 2.9% and the previous value of 2.9%. This suggests a minor slowdown in consumer spending.Additionally, the final sales annualized quarterly rate for the second quarter was recorded at 1.9%, down from the previous value of 2.2%. This metric excludes changes in inventories and provides a clearer picture of demand in the economy.

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  • September 26, 2024

U.S. Initial Jobless Claims Hit Lowest Since May

According to BlockBeats, the number of initial jobless claims in the United States for the week ending September 21 was recorded at 218,000. This figure is lower than the expected 225,000 and marks a decrease from the previous week's revised count of 222,000. This is the lowest level of initial jobless claims since the week of May 18.

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  • September 26, 2024

Dubai Updates Marketing Guidelines for Virtual Assets

According to BlockBeats, Dubai's cryptocurrency regulatory authority has updated its marketing guidelines for virtual assets, requiring companies to include disclaimers that clearly outline investment risks. Starting October 1, companies promoting virtual assets in the UAE must feature a 'prominent' disclaimer stating that 'virtual assets may partially or completely lose their value and are subject to extreme volatility,' as announced by the Dubai Virtual Assets Regulatory Authority (VARA) on Thursday.VARA's CEO, Matthew White, emphasized that by providing clear and actionable guidance, they aim to help virtual asset service providers (VASPs) offer services responsibly while fostering market trust and transparency.

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  • September 26, 2024

Federal Reserve Officials Set to Speak Tonight Amid Market Uncertainty

According to Odaily, several Federal Reserve officials, including Jerome Powell, Susan Collins, Lisa Cook, Michelle Bowman, John Williams, Michael Barr, and Philip Jefferson, are scheduled to deliver speeches tonight. This comes after the Federal Reserve initiated a rate cut cycle with a 50 basis point reduction. The market remains uncertain about the extent of further rate cuts for the remainder of the year. As this is the first week following the Federal Reserve meeting, the officials' statements tonight may provide some clarity to the market. Investors should be aware of potential significant market volatility and associated risks.

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