XRP Price to Soar to Three to Five Figures Once Ripple-SEC Legal Battle Ends, Analyst Predicts
[뉴욕=박재형 특파원] Coin Edition reported on the 22nd (local time) that the exponential rise in the price of XRP will be natural once the long-term legal battle between XRP issuer Ripple and the US Securities and Exchange Commission (SEC) is over. Anonymous cryptocurrency analyst Jack the Rippler (Jack) said that the conclusion of the Ripple-SEC […]
Inflation Concerns Rise as Fed’s Preferred Price Gauge Holds Up: What to Expect This Week
US Federal Reserve officials are likely to see more signs this week that progress in reducing inflation is slowing. The Bank has recently indicated that it intends to maintain high interest rates for a longer period of time than previously expected, which could confirm a change in tone. The US personal consumption expenditure (PCE) price […]
The federal government probably wants to subsequently tighten the law
Cannabis legalization has just been decided, and the government wants to make improvements again. Among other things, she wants to be stricter when it comes to acreage. According to a report, the federal government wants to subsequently tighten the cannabis law. According to a draft law from which the “Augsburger Allgemeine” quoted on Saturday, the […]
Policymakers Struggle to Respond to Rising Dollar and High US Interest Rates: Mohamed El-Erian
Mohamed El-Erian said policymakers around the world are finding it difficult to respond to a rising dollar and consistently high US interest rates. “Authorities around the world are in a bit of a freeze on how to respond to the overall strength of the dollar,” El-Erian said on Bloomberg Television on Tuesday. “How will we […]
US Retail Sales Surge Impact Treasury Yields and Interest Rate Cut Expectations
US retail sales grew faster than expected, further reducing expectations for a US interest rate cut this year. After the data was released, the exchange market stopped pricing in interest rate cuts before November altogether. At the start of the year, it was expected to start in March. At this point, expectations for a rate […]
Mohamed El-Erian Expects Two Fed Rate Cuts Despite Strong US Employment Data
Mohamed El-Erian still expects the US Federal Reserve to cut interest rates twice this year. A strong US employment report in March has led the market to reconsider the timing of interest rate cuts. US employment rose 303,000 in March, biggest increase in a year – unemployment rate falls (1) El-Erian said in an interview […]
Strong Jobs Report Boosts US Economy: Unemployment Rate Falls and Payrolls Increase
US payrolls increased by the most in almost a year in March, and the unemployment rate fell. It showed that a strong labor market boosts the economy. US employment rose 303,000 in March, biggest increase in a year – unemployment rate falls (1) Market participants’ views on the statistics are as follows. ◎Mr. Chris Zaccarelli […]
Bank of America: Technology stock flows in the first quarter were among the highest ever
Technology stocks saw inflows of $18.6 billion in the first quarter of the year, the third-largest quarterly inflow ever, and also attracted funds last week, along with significant inflows into cash and bonds, Bank of America Global Research said on Friday. Cash-equivalent money market funds saw inflows of $81.8 billion in the week through Wednesday, […]
ISM Non-Manufacturing Industry Business Index Declines for Second Consecutive Month: Purchase Price Index at Four-Year Low
The general non-manufacturing industry business index for March released by the Institute for Supply Management (ISM) declined for the second consecutive month. Meanwhile, the purchase price index fell to its lowest level in four years. Key Point The non-manufacturing general business conditions index fell 1.2 points from the previous month to 51.4. The median forecast […]
Yen Depreciates Towards 152 Yen Per Dollar, Raises Concerns of Japanese Intervention
The Yen is depreciating against the dollar towards 152 yen per dollar. This is a milestone level that traders see as increasing the risk of intervention by Japanese monetary authorities in the foreign exchange market. The Institute for Supply Management (ISM) released a strong manufacturing industry index for March, pushing the dollar up. The yen […]
