dYdX

DYdX Proposal to Slash Token Issuance Wins Early Support
In theory, this could boost the price of DYDX, based on the basics of supply and demand.
Coindesk·2023/07/31 09:15
Flash
- 13:55Institutions: Non-farm data will keep the Federal Reserve "on the sidelines"According to a report by Jinse Finance, Gregory Faranello, Head of U.S. Rates Trading and Strategy at AmeriVet Securities, stated that due to the impact of tariffs and tax policies, there will be significant issues in the future job market. As for the Federal Reserve's future policy path, given that employment remains a key driver of economic growth, the Fed will currently "stand by." Previously, Lindsay Rosner, Head of Multi-Sector Fixed Income Investments at Goldman Sachs Asset Management, mentioned that at this time and place, robust labor market data provides the Fed with room for patience. (Jin10)
- 13:53Opinion: The Market May Misprice the Timing of the Fed's Rate CutsPANews reported on May 2, citing Jinshi, that U.S. interest rate strategist Ira Jersey stated the Federal Reserve will wait until the job market stumbles and concerns over tariff-related inflation subside before cutting rates. However, once rate cuts begin, they will be aggressive. The market may have mispriced the timing of the rate cuts, but the pricing of the rate cut magnitude might be accurate. We believe the Federal Reserve might cut rates to 3%, but this will start at the end of this year and proceed rapidly. Previously, "Fed Whisperer" Nick Timiraos indicated that the April employment report makes a June rate cut less likely (although June is still far off), as only one more employment report will be released before then. For now, this means the Federal Reserve does not need to make any statements about the June meeting next week.
- 13:52"Fed's Mouthpiece": Nonfarm Payrolls Reduce the Likelihood of a June Rate CutOn May 2, "Fed's Mouthpiece" Nick Timiraos stated that the April employment report makes a rate cut in June less likely (although June is still far away), as there will only be one more employment report before then. For now, this means the Federal Reserve does not need to make any statements about the June meeting next week.