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US Vice President Harris: Musk Made Some Mistakes in Advancing Federal Layoffs

4 days ago

March 16th. According to reports from the National Broadcasting Company (NBC) and the Cable News Network (CNN), on March 14th, Vice President Vance of the US, during an interview with NBC, acknowledged that Elon Musk, the head of the US Department of Efficiency, had made some mistakes in carrying out the large-scale layoffs of federal government employees. Vance said in the interview, "Elon himself has admitted that there are times when mistakes are made in what one does, and then one corrects them. I accept these mistakes. I also believe that one must correct these mistakes promptly. But I am also very clear that there are many excellent people in the government—many people are performing very well. We hope to retain as much as possible of the effective parts of the government while getting rid of the ineffective parts." CNN stated that this is the first time that a senior official from the White House has admitted that Musk made some mistakes while working with the Department of Efficiency. (Global Times)
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Powell: Tightening Monetary Policy Justified if Inflation Persists, Trade Tariffs Are Factor; Policy Shouldn't Tighten If Inflation Fades Naturally

On March 20th, Federal Reserve Chairman Powell stated that if the recent two months' commodity inflation data remains strong, it is undoubtedly related to tariffs. If inflation subsides on its own, monetary policy should not be tightened. (Oriental Wealth)

24 minutes ago

Bitcoin Breaks $85,000

On March 20th, based on HTX market data, Bitcoin rose above $85,000 and is currently trading at $85,145.

24 minutes ago

After the Interest Rate Decision was announced, Gold continued to hit all-time highs, while US Stocks rose.

On March 20th, following the announcement of the Fed's March interest rate decision, spot gold reached a new high of $3,047 per ounce, with an intraday increase of 0.44%. U.S. stocks continued to show upward fluctuations. The S&P 500 rose by 1%, the Nasdaq rose by 1.47%, and the Dow rose by 0.77%.

24 minutes ago

Powell: Survey Shows Tariffs Boost Inflation Expectations, No Need to Hurry to Adjust Policy Stance

On March 20th, Federal Reserve Chair Powell stated in a speech that according to the Fed's survey, tariffs were pushing up inflation expectations. He pointed out that there is currently no urgency to hastily adjust the policy stance and that some signs of monetary market tightening have been noticed. (FXStreet)

24 minutes ago

Federal Reserve's June Rate Cut Probability Slightly Increased

On March 20th: According to futures data, traders hold the view that there is a 62.1% chance that the Federal Reserve will resume interest rate cuts during the June meeting, which is higher than the 57% before the Fed's decision. (FXStreet)

24 minutes ago

The Federal Reserve continues to hold interest rates steady, in line with market expectations

On March 20th, the Federal Reserve maintained the benchmark interest rate at 4.25%-4.50% and left it unchanged, which was in line with market expectations. (Xinhua)

24 minutes ago