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Amidst the downturn, ETH has been notably impacted, with its performance in USD underwhelming compared to other assets throughout the year..
Share link:In this post: ETF investors see the vehicle as an essential tool to building robust portfolios. Millennials are the most likely cohort to choose crypto ETF, while also looking for other personalized investments. More ETF buyers are interested in crypto-based funds compared to the 2023 survey by Charles Schwab.
Share link:In this post: A capital markets commentary mentioned that a 50 basis point rate cut by the Federal Reserve would be unlikely again this year. The commentary, The Kobeissi Letter, also explained that the previous Fed interest rate cut was too aggressive. The Federal Reserve initiated a 50 basis point interest rate cut on September 18, the first rate cut in four years.
- 21:31Fed Chair Powell: Fed Not Doing Anything Aimed at Boosting CBDCsFederal Reserve Chairman Jerome Powell said that the Fed has not undertaken any work aimed at promoting the development of retail central bank digital currencies (CBDC).
- 21:30AAVE breaks through $250Golden Finance reported that the market shows that AAVE breaks through $250, now at $250.12, up 2.7% in 24 hours, the market fluctuates, please do a good job of risk control.
- 21:28Fed Chair Powell cautions against over-interpreting CPI dataFederal Reserve Chairman Jerome Powell on Wednesday warned against over-interpreting data showing the largest year-over-year increase in the Consumer Price Index (CPI), while acknowledging that the reading was substantially higher than expected. Speaking at a hearing of the House Financial Services Committee, Powell said, ‘The CPI reading was higher than almost all forecasts, but I just want to caution on two points. First, we don't get excited by one or two good readings and we don't get excited by one or two bad readings. Second, our inflation targeting focuses on the Personal Consumption Expenditures (PCE) price index because we think it's a better measure of inflation. As such, you need to know how the conversion from CPI to PCE works, and we'll have more data on that tomorrow from the Producer Price Index (PPI). Later tomorrow we will know what the PCE reading is.’