Speaker of the U.S. House of Representatives: Hopeful for a Vote on Stopgap Funding Bill on Wednesday

On November 11th, Federal Reserve Governor Milan stated on Monday. Considering the softening labor market and declining inflation, he believed that the Fed should cut interest rates by 50 basis points in December. He regarded a 25 basis point cut as the "minimum" appropriate action. Milan pointed out: "We have obtained new inflation data, which is better than expected. This indicates that compared to the FOMC meeting in September, it is reasonable to adopt a more moderate policy stance. At that time, the majority of decision-makers thought that by the end of the year, there should be a total of three rate cuts, each being 25 basis points." The Fed has already cut rates by 25 basis points in both September and October. However, Milan emphasized that the unemployment rate is on the rise, "owing to overly tight policies. Therefore, we must adjust the policy, continuously and gradually cut rates to prevent this tightening from imposing greater pressure on the economy and further raising

November 11th: Governor Milan of the Federal Reserve stated that since September, the data has shown that the outlook has not changed significantly with the end of the government shutdown. The Fed's stance should be more dovish than it was in September. A rate cut of 50 basis points in December would be appropriate, along with at least a 25 basis point cut. (FXStreet)

On November 10th, as observed by LookOnChain's monitoring, a whale address withdrew 3 million TRUMP from Binance three days prior (presently amounting to 26.67 million US dollars). With the price of TRUMP surging above 9 US dollars, the "whale" now holds an unrealized profit of 3.4 million US dollars.

Update: On November 10th, as per the monitoring by whale-alert, Paxos minted an extra 100,000,005 PYUSD on the Ethereum network at 23:29 UTC on this day.