Startup JPYC Issues First JPY-Backed Stablecoin

On October 30th, Federal Reserve Chair Powell stated: We will promptly complete the reappointment process of the Federal Reserve Chair. (Golden Ten)

On October 30th, Federal Reserve Chairman Powell stated that an increasing number of Fed officials are prepared to postpone the upcoming rate cut. Powell said, "After having cut rates at the previous two policy meetings, some officials felt the need to adopt a wait-and-see attitude. Now, an even greater number of people think that perhaps we should at least wait for one cycle." (FXStreet)

On October 30th, Federal Reserve Chairman Powell stated that if no new information is received and the economic situation remains unchanged, there would be grounds to decelerate the pace of interest rate cuts. It is hoped that by December, more sufficient data can be obtained. The absence of data during the government shutdown may imply the necessity to slow down the pace of policy adjustments. The debate on whether to slow down interest rate cuts in December will continue for an undetermined period. (Oriental Fortune Network)

On October 30th, "Fed Whispers" Nick Timiraos wrote that Powell's press conference suggested that the FOMC as a whole did not concur with the market's previously high pricing of a December rate cut. Powell stated, "There exists a range of views regarding December, and I believe we will take those into account as we make decisions moving forward." And he emphasized that a December rate cut "is not something that should be regarded as a given. It is far from being determined." This went beyond their usual assertion that "policy is not on a preset course" and was evidently an attempt to regain some policy flexibility in order to avoid being constrained into a specific action. What if there is no government data available to assist in clarifying the economic situation? Powell noted that this means there is a "very high degree of uncertainty, and that can become a factor in a more cautious approach."

On October 30th, Federal Reserve Chairman Powell stated that artificial intelligence is distinct from the bubble in the 1990s because companies are already generating profits. It is clear that AI investment serves as one of the key drivers of growth. (Xinhua News Agency)

On October 30th, Federal Reserve Chairman Powell stated: The absence of economic data might offer a justification for pausing interest rate adjustments. In the absence of data, it may be necessary to exercise more caution. It can be anticipated that a government shutdown may have an impact on the December meeting. (FXStreet)