Cash gold dropped $4530 per ounce, 1.29 per cent in daytime
According to early releasein A, the price of spot gold fell by $4530 per ounce, or 1.29 per cent per day。
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Highlights of the statement by Federal Reserve Chairman Kevin Walsh at Jackson Hall
IN HIS KEYNOTE ADDRESS TO JACKSON HALL, FEDERAL RESERVE CHAIRMAN KEVIN WALSH NOTED THAT INFLATION WAS STILL TOO HIGH, THAT THE FED’S MAIN FOCUS SHOULD BE ON IMPROVING THE “SUSPENSIVE AND FIXED” SUMMER INFLATION TARGET OF 2 PER CENT, BUT THAT THE BASIC TRENDS HAD NOT CHANGED SUBSTANTIALLY UNLESS INFLATION “CLEARLY AND AT SUFFICIENT SPEED” RETURNED TO THE TARGET, THAT THE FED STILL NEEDED TO CONTINUE ITS EFFORTS TO STABILIZE THE LABOUR MARKET, AND THAT BROAD FINANCIAL CONDITIONS CONSISTENT WITH FULL EMPLOYMENT DID NOT TEND TO WAIT UNTIL JULY FOR A FURTHER CHANGE IN INTEREST RATES。
View DetailsFederal Reserve Chairman Walsh warned that continued inflation could force interest rates to increase
Federal Reserve Chairman Walsh warned that continued inflation could force the Fed to raise interest rates。
View DetailsMarket pricing suggests that the Fed is now expected to increase interest rates by about 50 per cent in September
Market pricing shows that the Fed is now expected to increase interest rates by about 50 per cent in September。
View DetailsThere are more signs that employment growth in the United States has been slowed down by downgrading labour markets
On 28 August, employment growth in the United States was more moderate than previously published in the year ending March, highlighting the downward trend in the labour market, which prompted the Federal Reserve to continue to reduce interest rates by 2025 in the face of persistent inflation. According to the initial benchmark revision data published on Friday by the United States Bureau of Labor Statistics, the number of non-farm employment could be reduced by 79,000, or 0.1 per cent. The final data will be released early next year. Kim Xian
View DetailsTHE UNITED STATES DOLLAR INDEX DXY WAS DOWN BY 20 POINTS, DOWN TO 99.06, RISING TO 99.28
ON 28 AUGUST, THE UNITED STATES DOLLAR INDEX, DXY, FELL BY 20 POINTS TO 99.06, RISING TO 99.28。
View DetailsWalsh: Inflation is still higher than the target Fed has work to do
On 28 August, Federal Reserve Chairman Walsh warned that there had been no meaningful slowdown in inflation and that policymakers must be convinced that inflation was moving in the right direction, otherwise the central bank “had to do”. Walsh reiterated that the Fed would bring inflation back to the target of 2 per cent. He stated that this was a clear and fixed goal. “My criterion is that we must be convinced that potential inflation is moving towards our goal and that the pace must be sufficiently clear and fast. Otherwise, we have work to do. That's our job.” Walsh also stated that the current financial situation was not restrictive and that interest rates were the “principal instrument” of the Fed in carrying out its duties. Kim Xian
View DetailsIn response to external concerns, Walsh called for "prior attention to prices."
ON 28 AUGUST, FEDERAL RESERVE CHAIRMAN WALSH STATED: “ALTHOUGH THE PCE AND CPI DATA RELEASED THIS SUMMER WERE BETTER THAN EXPECTED, THEY DID NOT CONVINCE ME THAT THERE HAD BEEN A MEANINGFUL IMPROVEMENT IN THE POTENTIAL TREND OF INFLATION.” “MARKET PRICES REFLECT THE CONFIDENCE OF THE MARKET THAT WE WILL ACHIEVE PRICE STABILITY. I CAN ASSURE YOU THAT THE MARKET IS RIGHT." WALSH SUBSEQUENTLY STATED THAT, IN A SITUATION WHERE INFLATION WAS ABOVE 2 PER CENT, THE FED'S “CURRENT PRIMARY FOCUS SHOULD BE ON PRICES”. THIS MUCH-AWAITED SPEECH BY WALSH COMES AT A TIME OF CRITICISM OF ITS STREAMLINED COMMUNICATION STRATEGY. ECONOMISTS AND MARKET PARTICIPANTS ARGUE THAT THIS STRATEGY LACKS A CLEAR ARTICULATION OF THE OUTLOOK FOR ECONOMIC AND MONETARY POLICY IN THE NEAR FUTURE. HIS SPEECH APPEARED TO RESPOND TO THOSE CONCERNS, AND HE HAD MORE IN-DEPTHLY ARTICULATED HIS VIEWS ON THE ECONOMIC SITUATION AND THE POLICY PRIORITIES OF THE FED UNDER HIS LEADERSHIP THAN EVER BEFORE. HE SAID, “LET US BE EQUALLY CLEAR ON ANOTHER ASPECT OF THE GOAL: PRICE STABILITY WILL NOT BE AUTOMATIC AND INFLATION WILL NOT NECESSARILY RETURN ON ITS OWN. IT IS THE RESPONSIBILITY OF THE FED TO ACHIEVE PRICE STABILITY. “IT IS EXPECTED THAT WALSH WILL NOT ANSWER QUESTIONS FROM CENTRAL BANK OFFICIALS AND ECONOMISTS ON THE GROUND. KIM XIAN
View DetailsFederal Reserve Chairman Walsh: The role of forward guidance should be limited
On 28 August, Federal Reserve Chairman Walsh stated that the role of forward guidance should be limited. Market participants should focus on real information in the economy. Forward-looking policies are not based on outdated or inaccurate data。
View DetailsCash gold lost at $4560 per ounce, falling by 0.91 per cent in the day
Cash gold was lost at $4560 per ounce, which fell by 0.91 per cent in the daytime。
View DetailsThe beef futures are rising on Thursday, and the market is looking at Friday
Beef futures increased on Thursday by between 1.82 and 3.52 cents. Thursday's open contracts showed modest new purchases, with 1,295 additional contracts. On Wednesday, cash transactions rose by $220 to $220, up from $2.00 on Tuesday, and in the north there was a small sale of $345 for full beef。
View DetailsWalsh: The Fed needs to be as clear as possible on market signals
FED CHAIRMAN WALSH: THE FED NEEDS TO HAVE AS CLEAR A MARKET SIGNAL AS POSSIBLE. THE FED'S 2 PER CENT PCE TARGET IS A FIRM AND FIXED ONE。
View DetailsIncrease in the Federal Reserve interest rate
On 28 August, United States short-term interest rates fell in futures, and market pricing indicated an increase in the Federal Reserve's interest rate premium following the statement by Federal Reserve Chairman Walsh。
View DetailsTHE UNITED STATES DOLLAR INDEX DXY FELL TO 99.06, AND NOW IT'S RISING
The United States dollar index, DXY, fell to 99.06 at a time, and has since risen to 99.28, according to the early release of A。
View DetailsThe United States national debt return for the biennium rose to 4.286 per cent, up from 31 July
The rate of return on United States national debt for the biennium rose to 4.286 per cent, the highest since 31 July。
View DetailsFederal Reserve Chairman Kevin Walsh: The role of forward guidance should be limited
Federal Reserve Chairman Kevin Walsh said that the role of forward-looking guidance should be limited and market participants should focus on real information in the economy and not develop forward-looking policies based on outdated or inaccurate data。
View DetailsLazarus Group transferred 244.15 bitcoins worth $1.942 million
According to Lokonchain, Lazarus Group hackers transferred 244.15 bitcoins an hour earlier, valued at approximately $19.42 million in real-time prices。
View DetailsSolana's real ETF is a record inflow, and Bitwise's BSOL is over $1 billion in size
Solana spot ETF has a record record of a net inflow of $138 million within 10 days, of which a single-day inflow on Tuesday reached $47 million. The BSOL of Bitwise holds 9.3 million SOLs, with assets management on a scale of $1 billion, becoming the first Solana ETF to reach that scale. (glassnode)
View DetailsGrayscale GTC address transferred 340.45 BTCs to Coinbase Prime, etc
According to Arkham, on 28 August, at 21:47 (Beijing time), Grayscale Bitcoin Trust transferred 340.4490991 BTCs, valued at approximately $2.691.86 million, to 2 addresses such as Coinbase Prime Deposit。
View DetailsCapital B has completed funding of Euro21 million and plans to maintain 270 additional BTCs
France's Bitcoin Treasury, Capital B, has completed 21 million euros in financing, and investors, including Adam Back and TOBAM, have raised a net amount of €900,000 for the Bitcoin reserve, and it is expected that 270 BTCs will be available to increase the total holding stock to 3415, with additional financing of about €136 million if the full shareholding rights are recognized。
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