Gold experiences a 0.7% decline to $2,039, driven by a robust dollar, rising yields, and uncertain Federal Reserve policies. Despite challenges, technical support suggests short-term stability, with resistance at $2,043 and $2,070.
BerniceIf the Fed puts some controls on yields on traditional financial products this year, institutions may be attracted to DeFi products.
JinseFinanceFed's Barkin discusses economic trends, advocating for normalized interest rates amidst uncertain inflation and a stabilizing labor market.
BrianFed governor Michelle Bowman said that a recent report into banking failures put together by the US central bank's vice chair for supervision, Michael Barr, was "not reviewed by the other members of the Board prior to its publication."
OthersStablecoins, if managed with a proper regulatory approach, can offer benefits to citizens of countries with weak economies.
BeincryptoThe Fed raised raising interest rates by another three-fourths of a percentage point and pushing borrowing costs to the highest level since the Great Recession.
OthersJPMorgan Chief U.S. Economist said the Fed officials are unlikely to raise rates by 100 basis points when they meet next week
Others"Don't fight the Fed" is an investing mantra. It suggests that you should align your choices with actions taken by the U.S. Federal Reserve and the Federal Open Market Committee (FOMC) on interest rates, economic growth and price stability.
CointelegraphMichael Barr was on the advisory board of Ripple Labs from 2015 to 2017 and has called on lawmakers to create a regulatory framework on stablecoins to prevent the risk of runs.
CointelegraphIn a 52–43 vote on the Senate floor on Tuesday, U.S. lawmakers confirmed Lael Brainard as vice chair of the Federal Reserve System for four years.
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