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  • Reserve Bank of Australia to cut rates amid turbulent conditions

    From think.ing.com

    The market is pricing in the first 25bp rate cut from the Reserve Bank of Australia (RBA) next week on 18 February. While this is in line with our view and we place a 60% probability to it, we think the decision to cut or pause will be a close one – and it’s therefore not a done deal. Key to our thinking is that the wage pressures have eased more than expected and household consumption growth has been weaker than expected, which should give the RBA more comfort to ease. However, the unemployment rate is still below the central bank’s target, which could result in more uncertainty on the pace and timing of rate ... (full story)

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    Powell: Believe neutral rate has risen from very low pre-pandemic level

    From @DeItaone|Feb 11, 2025|1 comment

    post: POWELL: BELIEVE NEUTRAL RATE HAS RISEN FROM VERY LOW PRE-PANDEMIC LEVEL post: FED'S POWELL: CONCERN FOR THE LABOR MARKET HAS DIMINISHED CONSIDERABLY SINCE MID-LAST YEAR. post: Powell: The neutral rate was "clearly very low before the pandemic" and it is likely that after all of this, "the neutral rate will have risen meaningfully." "I think it has moved up. And many of my colleagues on the FOMC" also do. post: FED'S POWELL Q&A: SO FAR ELON MUSK'S DOGE HAS NOT ATTEMPTED TO PENETRATE FED SYSTEMS #Powell #FederalReserve #economy

    Ethereum Falters Due To Massive Short Positions

    From realinvestmentadvice.com|Feb 11, 2025

    If one weren’t paying attention to the cryptocurrency market, one would think that all cryptocurrencies were doing well. For instance, meme coins are all the rage, and Bitcoin has ...

    Powell: Support efforts to create regulatory framework around stablecoins

    From @DeItaone|Feb 11, 2025

    post: POWELL: SUPPORT EFFORTS TO CREATE REGULATORY FRAMEWORK AROUND STABLECOINSFed supports regulatory efforts around stablecoins United States Federal Reserve Chair Jerome Powell revealed on Tuesday that the central bank supports efforts "to create a regulatory framework around stablecoins." "Stablecoins may have a big future with consumers and businesses. We can't know that now. But, it is important for the development of stablecoins, in a safe and sound manner, that there be a regulatory framework," Powell mentioned during a Senate Banking Committee hearing. The Fed sees these bills, and remains in contact with Congress, "trying to add our technical thoughts," he remarked.

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