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On January 27th, Rushabh Amin, Portfolio Manager of the Cross-Asset Solutions Team at Allspring Global Investments, pointed out in a research report that the Federal Reserves current target range for the federal funds rate of 3.50%–3.75% is very close to neutral and will not further exacerbate inflationary pressures. The current investment boom is closely related to artificial intelligence, while the significant rise in commodity and industrial metal prices may lead to more sticky inflation in 2026 than expected. He anticipates that market focus will gradually shift to the appointment of the next Federal Reserve Chairman, with investors generally expecting the new chairman to be more inclined to cut interest rates. The market currently widely expects the Federal Reserve to keep interest rates unchanged at this weeks monetary policy meeting.Spanish Energy Minister: The EU should not be overly reliant on US natural gas.U.S. gold mining stocks rose in pre-market trading as gold prices continued to climb, with Newman Minerals (NEM.N) up 1.1%, Sibanye-Stillwater (SBSW.N) up 1.6%, and Barrick Gold (GOLD.N) up 1.7%. The SPDR Gold Shares ETF rose 0.7%.On January 27th, according to Douyin E-commerce, Douyin Global Shopping recently launched a special campaign to regulate the cross-border dietary supplement category, guiding merchants to operate legally and compliantly, and effectively protecting consumers right to know and right to choose. This special campaign focused on the high-risk area of cross-border health products, and, in conjunction with professional testing institutions, conducted random inspections and verifications of relevant products, finding that a small number of products had varying degrees of violations and misled consumers. Typical problems are summarized below: Typical Problem 1: Insufficient content of core ingredients. Typical Problem 2: Actual ingredients do not match the advertised content. Typical Problem 3: Contains unapproved and risky ingredients.On January 27th, it was reported that the Ministry of Human Resources and Social Security held an expert seminar on employment-friendly development on January 26th. The meeting pointed out that building an employment-friendly development model is a key direction for promoting high-quality and full employment, and a concrete path for closely integrating investment in people with investment in things. It is essential to accurately grasp the value connotation of an employment-friendly development model, accelerate the clarification of its practical path, and achieve an organic combination of technological innovation, industrial development, employment stability, and improvement of peoples livelihoods, thus realizing a virtuous cycle of economic development and employment promotion.

Bitcoin Falls 7.2% to $28,758

Skylar Shaw

May 12, 2022 09:58

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At 22:05 GMT on Wednesday, bitcoin was down 7.23 percent to $28,758.29, a loss of $2,241.68 from its previous closing.


Bitcoin, the world's most popular cryptocurrency, is down 40.4 percent from its all-time high of $48,234 on March 28.


On Wednesday, the cryptocurrency tied to the Ethereum blockchain network, fell 11.56 percent to $2,071.46, a loss of $270.66 from its previous closing.