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On January 14th, Brian Martin, Head of G3 Economy Research at ANZ Bank, stated that the Federal Reserve may keep interest rates unchanged in January, but the view that the rate-cutting cycle is on a long-term pause lacks a reasonable basis. He believes the Fed should resume rate cuts soon, with the committee likely to lower the federal funds target rate by 25 basis points in March and another 25 basis points in June, bringing the target rate down to 3.00%-3.25% by mid-year. Martin pointed out that as the impact of previous tariffs on price increases fades, wage growth slows, and housing inflation cools, US inflation will gradually moderate by 2026.A Bank of Korea official stated that the USD/KRW exchange rate above 1400 is inconsistent with economic fundamentals.On January 14th, it was reported that seven departments, including the China Meteorological Administration, jointly issued the "Guiding Opinions on Strengthening Collaborative Development and Promoting High-Quality Development of Health and Wellness Meteorological Services." The "Guiding Opinions" propose that by 2027, a nationwide collaborative and vertically integrated health and wellness meteorological technology innovation and service framework will be basically established; by 2030, a relatively complete health and wellness meteorological technology innovation and service business system will be formed, significantly improving the efficiency of collaborative development across the entire health and wellness chain and multiple fields. The "Guiding Opinions" also propose strengthening meteorological services for population health, providing refined services to different groups. Various departments will strengthen the risk prevention and control product system, providing refined risk warning services to the public, medical institutions, and elderly care institutions based on region, season, and population; collaboratively promote the prevention and control of allergenic pollen and other pollen allergens, jointly formulate standards and specifications, and coordinate observation equipment; and improve meteorological services for elderly health and wellness.On January 14th, futures market news reported that international crude oil prices rose for the fourth consecutive trading day, with Brent crude increasing by a cumulative $5.51 per barrel. This led to a positive turn in the crude oil price change rate during this pricing cycle, providing policy support for refined oil market prices. Recently, domestic gasoline and diesel prices have fallen to relatively low levels, with crack spreads at a low level and limited price differences between truck and vessel sales units. Driven by profit motives, sales units may attempt to push prices up. However, considering the current lack of substantial growth in gasoline and diesel demand, the sustainability of price increases is expected to be limited.Indonesian Deputy Minister of Energy: The government has decided to maintain the biodiesel program at the B40 level this year.

Fidelity To Offer Digital Asset Investment as Part of Retirement Plans

Cory Russell

Apr 27, 2022 10:14

Fidelity will soon allow customers to invest in Bitcoin as part of their retirement plans.


The company also introduced a crypto payments ETF and a Metaverse ETF this month.


In the European market, the business has launched the world's lowest Bitcoin ETP.


Most people choose to put their money into safe options that are government regulated, centrally held, and stem from classic finance options when it comes to investment plans.


The mainstreaming of cryptocurrencies into the financial sector has changed that, with organizations like Fidelity now selling cryptocurrency for investment to the general public.

Before You Retire, Invest in Bitcoin

Fidelity Investments, the largest provider of 401(k) plans in the United States, has announced that it will soon provide the option of investing in Bitcoin and, eventually, other cryptocurrencies. However, the decision is made at the discretion of the employers.


"We started to hear a rising interest from plan sponsors, organically, as to how could Bitcoin or how could digital assets be offered in a retirement plan," Dave Gray, the Head of Workplace Retirement Offerings and Platforms at Fidelity Investments, said in an interview with The New York Times.


As a result, they introduced this option, allowing individuals to invest directly in Bitcoin and other assets without having to create a separate account on a cryptocurrency exchange.


However, Fidelity will charge between 0.75 percent and 0.9 percent in fees for each Digital Asset Account. Furthermore, a new trading fee will be applied, which the business has not yet disclosed but is expected to be "competitively priced."


MicroStrategy has already signed up for this service, according to Gray, the largest public Bitcoin holder, which isn't surprising given that Michael Saylor is essentially establishing the company on the back of Bitcoin.


This news follows Fidelity's revelation that it is attempting to make inroads into the crypto market with its offerings.


Fidelity International has announced the debut of its spot Bitcoin exchange-traded product (ETP) in Europe, which is also the world's cheapest Bitcoin ETP, with a total expense ratio (TER) of 0.75 percent.


Fidelity Investments recently developed a Crypto Industry and Digital Payments ETF (FDIG) and a Metaverse ETF (FMET) to appeal to a younger audience.

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