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  • 03:06
    Economist: Weakening Yen Clears the Path for Bank of Japan's December Rate Hike, Another Hike Likely if Decline Persists
    BlockBeats News, December 17th, according to economist Alicia Garcia Herrero's analysis, the continued weakness of the yen is becoming a key factor driving the Bank of Japan and the Japanese government to reach a consensus this month and support the long-awaited rate hike decision. Despite concerns about U.S. tariffs and broader geopolitical risks, the Japanese economy has proven to be more resilient than expected. Short-term, medium-term, and long-term inflation expectations remain higher than the Bank of Japan's 2% target, strengthening the rationale for further policy normalization. Rising food prices have pushed up the core inflation rate, and the yen-to-dollar exchange rate is persistently weakening around 155, which could exacerbate imported inflationary pressures. Alicia Garcia Herrero expects the Bank of Japan to raise the policy rate by 25 basis points to 0.75% at the meeting on December 19th. Looking ahead, if the yen fails to stabilize after the rate hike and continues to weigh on real incomes, the Japanese government may also accept further tightening policies, potentially opening the door to another 25 basis point rate hike early next year. (Xinhua Finance)
  • 03:02
    Scam Sniffer: Fake "StandX" ads appear in Google search
    TechFlow News, December 17, according to Scam Sniffer monitoring, fake "StandX" ads have appeared on Google search. Users should remain vigilant.
  • 02:55
    Hassett surpasses Warsh to become the frontrunner for the next Federal Reserve Chair
    Hassett Overtakes Warsh as the Top Candidate for Next Fed Chair 2025-12-17 02:52 According to BlockBeats, on December 17, the probability of National Economic Council Director Hassett becoming the next Federal Reserve Chair has surpassed that of former Fed Governor Warsh, returning Hassett to the top spot. On the prediction market Polymarket, the probability of Warsh being nominated by Trump as Fed Chair has dropped to 30%, while the probability of National Economic Council Director Hassett being nominated has risen to 52%. On the prediction market Kalshi, Warsh's nomination probability has fallen to 31%, while Hassett's has increased to 50%. Previous reports stated that U.S. Treasury Secretary Bessent indicated there may be one or two more interviews for the Fed Chair position this week. Trump has been very direct about policy-related questions during the interviews. Both Warsh and Hassett are "very, very qualified." Bessent also refuted the view that Hassett is ineligible to serve at the Fed, while also dismissing concerns that a new chair would compromise the Fed's independence. Report Correction/Report This platform is now fully integrated with the Farcaster protocol. If you already have a Farcaster account, you can log in to comment
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