PANews reported on October 9th that, according to Jinshi Data, the minutes of the Federal Reserve's September meeting revealed a deepening disagreement over the path of interest rate cuts. While most officials believed further easing this year was "likely appropriate," seven dissenters supported further rate cuts; only Governor Stephen Miran advocated for a one-time 50 basis point cut and dissented. The minutes noted that the government shutdown had resulted in a lack of key economic data, forcing officials to rely on private sector data and business feedback. A slim majority predicted at least two more rate cuts this year, with markets anticipating 25 basis point cuts in October and December . Powell emphasized the need to maintain a careful balance between the "two-way risks" of employment and inflation.PANews reported on October 9th that, according to Jinshi Data, the minutes of the Federal Reserve's September meeting revealed a deepening disagreement over the path of interest rate cuts. While most officials believed further easing this year was "likely appropriate," seven dissenters supported further rate cuts; only Governor Stephen Miran advocated for a one-time 50 basis point cut and dissented. The minutes noted that the government shutdown had resulted in a lack of key economic data, forcing officials to rely on private sector data and business feedback. A slim majority predicted at least two more rate cuts this year, with markets anticipating 25 basis point cuts in October and December . Powell emphasized the need to maintain a careful balance between the "two-way risks" of employment and inflation.
Fed minutes cautiously hint at further rate cuts this year
2025/10/09 08:28
PANews reported on October 9th that, according to Jinshi Data, the minutes of the Federal Reserve's September meeting revealed a deepening disagreement over the path of interest rate cuts. While most officials believed further easing this year was "likely appropriate," seven dissenters supported further rate cuts; only Governor Stephen Miran advocated for a one-time 50 basis point cut and dissented. The minutes noted that the government shutdown had resulted in a lack of key economic data, forcing officials to rely on private sector data and business feedback. A slim majority predicted at least two more rate cuts this year, with markets anticipating 25 basis point cuts in October and December . Powell emphasized the need to maintain a careful balance between the "two-way risks" of employment and inflation.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
The Beijing Procuratorate announced a case of illegal USDT cross-border foreign exchange transactions involving over 1.1 billion yuan.
PANews reported on October 29th that, according to a report by 21st Century Business Herald, on October 28th, the Beijing Municipal People's Procuratorate released "Typical Cases of High-Quality and Efficient Performance of Financial Procuratorial Duties" (2024-2025). One case involved "using virtual currency to indirectly buy and sell foreign exchange, involving over 1.1 billion yuan." Between January and August 2023, Lin Jia, under the instruction of others, colluded with Lin Yi, Xia, Bao, and Chen to use multiple bank cards under their names to receive large amounts of RMB funds transferred from clients (such as Liu) connected to the "upstream" of an illegal currency exchange organization. This gang used virtual currency as a "bridge" to achieve the illegal purpose of cross-border fund transfers: Lin Jia and others converted the received RMB into USDT through multiple USDT trading platform accounts they actually controlled, and then completed the cross-border fund transfer through platform transactions, essentially engaging in disguised foreign exchange trading and profiting from it. According to the report, the total illegal business activities of the gang amounted to over 1.182 billion yuan, of which five members, including Xia and Bao, participated in activities ranging from over 149 million yuan to over 469 million yuan. On March 21, 2025, the Haidian District People's Court of Beijing issued a first-instance verdict, sentencing all five defendants to prison terms ranging from two to four years for the crime of illegal business operations, and imposing corresponding fines.
Share
2025/10/29 09:42
Report: 39% of high-net-worth individuals in the UAE hold cryptocurrencies, of which only 20% are managed through traditional institutions
PANews reported on October 29th that, according to CoinDesk, Swiss software company Avaloq conducted a study on the investment attitudes of high-net-worth individuals in the UAE. The study found that despite the region's exceptionally high demand for digital assets, with 39% of high-net-worth individuals surveyed holding cryptocurrencies, only 20% of these crypto investors used traditional wealth management institutions. The survey was conducted from February to March 2025 and covered 3,851 investors and 456 wealth management practitioners. The survey found that 63% of investors have switched or are considering switching managers, in part because they are not getting answers to their questions about cryptocurrencies. Akash Anand, Head of Middle East and Africa at Avaloq, said: "As cryptocurrency grows as an asset class, private banking relationship managers are increasingly faced with the need to meet the needs of largely underserved clients, leading to a rush among traditional wealth managers to equip themselves with cryptocurrency capabilities."
Share
2025/10/29 09:32
Best Crypto Presale of 2025: How LivLive ($LIVE) Could Be the Redemption for Investors Who Missed Cardano
Everyone remembers the story of Cardano , a project that quietly launched at just a few cents, only to turn early investors into millionaires when its value skyrocketed past $3. Those who missed that opportunity still talk about it with a mix of awe and regret. The truth is, Cardano’s presale became a turning point
Share
2025/10/29 08:00