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00:46
Jeffrey Huang takes profit on ZEC long positions and opens a 40x leveraged long on BTC
Huang Licheng's address took profit on ZEC long positions this morning, earning $2,190, and reopened a long position of 11 BTC (about $970,000) with 40x leverage. Huang Licheng is still holding a long position of 5,450 ETH with 25x leverage, with an unrealized profit of $304,000.
00:41
Next year's new FOMC voting members take the lead in "hawkish" stance: interest rates should be frozen until spring, inflation remains a major concern
BlockBeats News, December 22, Cleveland Federal Reserve President Beth Hammack stated that after three consecutive rate cuts at the last three Federal Reserve meetings, she believes there is no need to adjust interest rates in the coming months. Hammack opposes recent rate cuts because her concerns about persistently high inflation outweigh worries about potential labor market vulnerabilities—the latter being the reason officials cumulatively cut rates by 0.75 percentage points in recent months. Hammack is not a voting member of the Federal Open Market Committee (FOMC) this year, but she will gain voting rights next year. Hammack suggested that the Federal Reserve does not need to adjust its benchmark interest rate, currently in the 3.5% to 3.75% range, at least until next spring. She indicated that by then, the Fed will be better able to assess whether recent goods price inflation is subsiding as the impact of tariffs is more fully absorbed in supply chains. (Golden Ten Data)
00:39
Next year, the newly appointed FOMC committee member took the lead in "hawkish" stance: Interest rates should remain unchanged until spring, with inflation still a major concern.
BlockBeats News, December 22, Cleveland Fed President Beth Hammack stated that after three consecutive rate cuts at the Fed's past meetings, she sees no need for any rate adjustments in the coming months. Hammack opposed the recent rate cuts due to her concerns about persistent high inflation, which outweighed worries about potential labor market fragility— the latter of which prompted officials to cut rates by a cumulative 0.75 percentage points over the past few months. Hammack is not a voting member of the Federal Open Market Committee (FOMC) this year but will gain voting rights next year. Hammack suggested that the Fed does not need to adjust its current target range of 3.5% to 3.75% for the federal funds rate at least until the spring of next year. She stated that by then, the Fed will be better positioned to assess whether recent commodity price inflation is receding as the impact of tariffs is more fully absorbed in the supply chain. (Jinse)
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