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  • 2025/11/24 23:44
    Federal Reserve's Daly: The job market could suddenly deteriorate, supports a rate cut in December
    Jinse Finance reported, citing The Wall Street Journal, that Mary Daly, President of the Federal Reserve Bank of San Francisco and a 2027 FOMC voting member, stated that she supports a rate cut next month because she believes the likelihood of a sudden deterioration in the job market is greater and harder to control than a sudden surge in inflation. In an interview on Monday, she said: "In the labor market, I am not confident that we can stay ahead. The labor market is now fragile enough that the risk lies in a nonlinear change." She noted that, by contrast, the risk of an inflation outbreak is lower, as cost increases driven by tariffs have been much milder than expected earlier this year. Daly's views are noteworthy; although she does not have a vote on monetary policy this year, she rarely publicly disagrees with Federal Reserve Chairman Powell. At the meeting on December 9-10, Daly may play a key role in resolving internal disagreements within the rate-setting committee over whether to cut rates or pause hikes. (Golden Ten Data)
  • 2025/11/24 23:43
    Overview of Major Overnight Developments on November 25
    21:00-7:00 Keywords: rate cut, Tether, PCE 1. The probability of a 25 basis point rate cut by the Federal Reserve in December has risen to 80%; 2. Trump orders the launch of the "Genesis Mission" plan to vigorously promote the AI scientific research revolution; 3. Crypto wallet provider Exodus acquires W3C Corp for $175 million; 4. After Tether purchased 1 million shares, Rumble's stock price rose by more than 14%; 5. Franklin Templeton's XRP spot ETF XRPZ is listed on NYSE Arca; 6. The US September PCE has been rescheduled to be released on December 5, and the preliminary Q3 GDP report has been canceled.
  • 2025/11/24 23:34
    US SEC Issues No-Action Letter to Fuse Energy Regarding ENERGY Token
    ChainCatcher News, Fuse Energy posted on X that the U.S. Securities and Exchange Commission (SEC) has issued a No-Action Letter regarding the Energy Dollar (ENERGY) token to Fuse Energy. ENERGY is the native utility token of The Energy Network, which is built on the Solana blockchain. The project's whitepaper was released today and contains full details. The SEC stated in the relevant announcement: "Based on the facts presented, if Fuse issues and sells the token in the manner and circumstances described in your counsel's opinion, without registering under Section 5 of the Securities Act and without registering the token as an equity security under Section 12(g) of the Exchange Act, this Division would not recommend enforcement action to the SEC. This position is based on the representations made to this Division in your counsel's opinion. Any different facts or circumstances may lead this Division to a different conclusion. Furthermore, this response only expresses this Division's position regarding enforcement action and does not express any legal conclusion on the matters described."
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