The July Federal Open Market Committee (FOMC) meeting is key in setting the Federal Reserve's policy direction for the rest of the year, with markets anticipating up to two interest rate hikes due to ongoing inflation pressures, especially from fluctuating energy prices. June's inflation figures likely understate July's inflation as oil and gasoline prices have surged again. Indicators like rising real yields, a stronger dollar, and a flatter Treasury yield curve suggest tightening financial conditions ahead of Fed decisions. While the meeting may not bring immediate policy changes, it will influence market expectations of the Fed's future actions.
A major crypto market deleveraging saw over 118,000 traders liquidated, with $815-$821 million wiped from leveraged positions, mainly longs. Bitcoin fell below $80,000 and Ether approached $2,350, signaling a market correction and reduced confidence ...
BioNTech and Bristol Myers Squibb reported promising Phase 2 results for pumitamig combined with docetaxel in advanced non-small cell lung cancer (NSCLC) patients who progressed after immunotherapy plus chemotherapy. The treatment showed a confirmed ...
US households' inflation expectations for the next year increased to 4.7% in October, the highest since May, while long-term expectations also rose. Consumer sentiment remained nearly unchanged, with mixed shifts in economic conditions and expectatio...
Tether has frozen 2,212,850.3 USDT across nine addresses connected to a security incident involving CoinDCX, following the detection of roughly 15.99 million USDT in unusual transfers. The investigation began after identifying these large suspicious ...
Andreessen Horowitz founder Shaw announced that 90% of the reverse-engineering work on all Pump.fun smart contracts is complete, with the remaining 10% expected to finish by October 25. Shaw emphasized the importance of making all contract code open ...
