Powell: If the government shuts down and October data is delayed, the situation will become more complicated
Federal Reserve Chairman Powell said everyone is paying attention to the same unofficial employment data, and state-level unemployment claims are a good data point. If the government shutdown continues and the October data is delayed, the Fed will start missing data, making the situation even more complicated.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum News Update: Institutions Eye Ethereum—Balancing Legal Challenges and Major Investor Accumulation
- Ethereum nears $3,400 amid rising institutional interest and whale accumulation, signaling potential rebound toward $4,000. - DeFi projects like Ethena and utility tokens RTX gain traction, highlighting Ethereum's role in capital-efficient infrastructure. - Legal uncertainties persist after MEV fraud trial ends in mistrial, exposing tensions between blockchain rules and traditional law. - Whale activity shows $1.37B ETH accumulation in November, contrasting with Bitcoin's weaker institutional demand. - A
U.S. Cryptocurrency Oversight Faces Uncertainty as Lawmakers Divide Authority Between SEC and CFTC
- SEC accelerates crypto regulation clarity, balancing innovation with investor protection via streamlined exemptions and jurisdiction boundaries. - Senate bill proposes dual oversight: CFTC regulates digital commodities (Bitcoin/Ether), SEC retains control over investment contracts. - Tax reforms enable crypto ETFs to stake assets, resolving legal uncertainties and boosting institutional adoption through staking rewards. - Bipartisan efforts aim to create cohesive U.S. crypto framework, though challenges
Bitcoin News Today: Square’s No-Fee Bitcoin Initiative Prompts Payments Sector to Reevaluate
- Square introduces zero-fee Bitcoin payments for merchants until 2027, challenging traditional credit card networks. - The initiative enables fiat-to-Bitcoin conversions and cross-border transactions, positioning Bitcoin as a functional currency. - Industry observers highlight cost savings for small businesses, with Bitcoin fees undercutting 1%-4% credit card rates, while competitors like Visa face regulatory pressures.
Systems Thinking in Supply Chains Influences Today's Leaders, Says Ford's Farley
- Ford CEO Jim Farley argues supply chain mastery is vital for leadership, citing Apple's Tim Cook and GM's Mary Barra as exemplars. - Supply chain disruptions highlighted by First Solar's earnings drop and Kimberly-Clark's $48.7B Kenvue acquisition challenges underscore its strategic importance. - China's resumption of Nexperia chip shipments reveals semiconductor supply chain fragility amid geopolitical tensions. - Farley criticizes traditional four-year degrees for entry-level roles, advocating technica
Trending news
MoreCrypto prices
More
