EUR/USD 1.13653
-0.015%
Gold 4044.17
-0.794%
Oil 81.370
0.246%
USD/JPY 163.729
-0.003%
GBP/USD 1.32877
0.000%
GBP/JPY 217.563
0.017%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 28th, Brendan Murphy, Head of North American Fixed Income at Insight Investment, stated in a report that investors might consider increasing their exposure to the front end of the US Treasury yield curve. Murphy explained that the asset management firm expects the Federal Reserve to maintain interest rates for an extended period, and the next eventual rate adjustment is likely to be a rate cut. He said, "Therefore, now may be a good time to consider fixed income allocations, including increasing exposure to the front end of the yield curve." However, the prolonged conflict in Iran will increase market uncertainty, and there is also the possibility of dissenting votes at Wednesdays Fed meeting. Murphy noted that the Fed has consistently maintained that "ignoring" the impact of energy price shocks is the best strategy, unless a "second-round effect" emerges and becomes deeply entrenched, or long-term inflation expectations become de-anchored.Nasdaq futures fell 1.1% to a daily low, while S&P 500 futures dropped nearly 0.4%.On July 28th, Anthony Willis, senior economist at Tianli Investment, stated in a report that the pressure on Federal Reserve policymakers to tighten policy has increased as US inflation remains significantly above target, while the economy and labor market remain resilient. Willis stated, "However, policymakers may be willing to temporarily ignore the recent surge in oil prices until the impact of inflation becomes clearer." Nevertheless, the broader trend is evident: under Warshs leadership, the Fed is adopting a more hawkish stance. The market currently prices a 38% probability of a Fed rate hike on Wednesday and has fully priced in the possibility of a September rate hike.According to the Iranian news agency IRNA, the Iranian Foreign Minister held telephone talks with the foreign ministers of Oman and Saudi Arabia. While discussing the latest bilateral and regional developments, both sides emphasized strengthening cooperation and advancing joint diplomatic efforts to maintain regional stability and alleviate the insecurity in the Strait of Hormuz caused by aggressive actions by the United States.Philips (PHG.N) CEO: We have several million dollars in tariff refunds to receive in the third quarter.

Owning Government Officials From Working on Regulation

Cory Russell

Jul 07, 2022 16:31

微信截图_20220707162601.png


Government personnel who actively engage in cryptocurrencies or are discovered to be in possession of any are prohibited from taking part in the creation of legislation and policies pertaining to cryptocurrencies, according to a recent directive from the US Office of Government Ethics.

With Some Exceptions

Additionally, the advisory notice made clear that even if the restriction is in effect, it only does so with a de minimis exception.


Owners are still able to invest in cryptocurrencies via publicly listed shares and mutual funds of businesses offering cryptocurrency and blockchain services because to this exception. Stablecoins and all other forms of cryptocurrency are included.


Government personnel are still permitted to acquire cryptocurrencies; but, doing so will prevent them from contributing to the development of crypto-related regulations.


They may still work on such initiatives, however, provided they divert their cryptocurrency holdings into other financial opportunities.


The notification went on to further describe the situation, saying "An employee may not engage in a specific topic if the employee understands that particular item might have a direct and predictable influence on the value of their cryptocurrency or stablecoins."


However, even for those who are permitted to invest in cryptocurrency-related stock index listings, a $50k threshold has been imposed over which the de minimis exemption is no longer applicable.

Crypto investors suffer a loss

The cryptocurrency market isn't in the greatest of health right now, even if the Biden administration is concentrating on creating laws for cryptocurrencies after the POTUS issued an executive order for the same.


The continued bearishness is having an impact on cryptocurrency firms as the overall market value of all cryptocurrencies is struggling to reach $1 trillion.


Voyager Digital has filed for Chapter 11 bankruptcy a week after stopping the platform's withdrawal, trading, and deposit services after Harmony almost went bankrupt a while back.


Thus, even without the US GOE's decision, it would only have taken these investors a little longer to leave the market, similar to how many other investors are already doing.

Suggestion