Investment Learning

  • July 15, 2024

Fed Chair Powell Predicts Slower Economic Growth And Continued Inflation Progress

According to BlockBeats, Federal Reserve Chair Jerome Powell stated on July 16 that the economy has performed well over the past few years. He anticipates that economic growth will slow down this year, while inflation will continue to make progress. Powell noted that the recent three inflation data points have indeed boosted confidence.Powell emphasized that no specific signals will be given regarding any particular meeting today. Decisions will be made based on evolving data and outlooks. With inflation now decreasing, the focus will shift to the Federal Reserve's dual mandate. Powell also mentioned that if the Fed waits until the inflation rate reaches 2% before cutting interest rates, it would be waiting too long.

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  • July 15, 2024

Fed's Goolsbee Suggests Rate Cuts Amid Easing Inflation

According to Odaily, Federal Reserve official Austan Goolsbee has indicated that the moderate inflation data for June has strengthened his belief that price pressures are easing, which supports the case for interest rate cuts. Goolsbee expressed concerns that maintaining current interest rates could result in an overly stringent policy stance, as each month of declining inflation effectively raises the real short-term interest rates.

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  • July 15, 2024

Hong Kong Securities Regulator Lists Seven Unregulated Crypto Exchanges

According to Odaily, the Hong Kong Securities and Futures Commission (SFC) has identified seven cryptocurrency exchanges operating without regulatory oversight. The exchanges listed as non-compliant include Taurusemex, Yomaex, Bitones.org, BTEPRO, CEG, XTCQT, and Bstorest. The SFC's action underscores its commitment to maintaining a secure and transparent financial market by ensuring that all trading platforms adhere to established regulatory standards. This move is part of a broader effort to protect investors and uphold the integrity of the financial system in Hong Kong.

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  • July 14, 2024

Russian Finance Ministry Proposes Digital Currency Trading on Licensed Exchanges

According to Odaily, the Russian Ministry of Finance has proposed allowing licensed exchanges such as the Moscow Exchange and the St. Petersburg Exchange to offer digital currency trading services to selected qualified investors. Anatoly Aksakov, Chairman of the State Duma Financial Markets Committee, believes that Russia's largest exchanges are ready to handle cryptocurrency trading. He emphasized that once the legal framework is established, the exchanges should be able to commence crypto trading swiftly without any issues.

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