● The Fed's Bostic expects one rate cut this year, economic growth slowing
According to BlockBeats, on May 16, Fed's Bostic stated that due to uncertainty, a rate cut is expected this year. The economic growth rate for this year could be 1% or 0.5%. Economic growth is expected to slow down, but a recession is not anticipated.
● US and EU break the deadlock, restart tariff negotiations
According to Golden Finance, the Financial Times reports that the US and EU have initiated trade negotiations to avoid the worst impacts of Trump's tariff policies, breaking the previous deadlock where the EU was nearly at the bottom of the negotiation queue.
According to briefings from the EU obtained by four informed sources and the Financial Times, both sides recently exchanged negotiation documents for the first time, covering areas such as tariffs, digital trade, and investment opportunities. Sabine Weyand, chief trade officer of the European Commission, informed ambassadors from member states that the EU must respond calmly and should not yield to the US's desire for a 'quick victory.' The brief warned that some US tariffs may persist, particularly targeting industries such as steel and automobiles, which the US hopes to bring back to its shores. Trump previously accused the EU of 'exploiting America,' and the current progress of negotiations between the EU and the US still lags behind countries like Japan, South Korea, the UK, and Vietnam.
● Financial Times: The US will unilaterally set new tariff rates for many trading partners
According to Deep Tide TechFlow, Trump stated at a meeting with business executives in the UAE that the US will unilaterally set new tariff rates for many trading partners, rather than reaching agreements with all trading partners. Washington will impose new tariffs in the next two to three weeks.
● Trump: Many good things will happen in the next month
According to Deep Tide TechFlow, US President Trump stated that many good things will happen regarding the Gaza issue in the next month. He mentioned a 'possible' meeting with Putin and emphasized that it must happen. Trump also called the ceasefire between India and Pakistan a 'great success.'
● Fidelity executive: Trump's trade war affects the direction of Fed policy
According to Golden Ten Data, the head of Fidelity's $2.3 trillion fixed income business stated that Trump's trade war disrupts the economic outlook, and the Fed faces challenges in curbing inflation and maximizing employment goals.
Robin Foley stated that the Fed's efforts to combat inflation are good, but employment still needs to be monitored. She pointed out that the central bank is in a dilemma. Foley made these remarks as the Fed paused its rate-cutting cycle that began in 2024, as Trump's tariffs may exacerbate inflation and impact the job market. Futures markets show that investors expect the Fed to resume rate cuts in September, later than previously predicted.
● Galaxy Digital listed on NASDAQ, stock code GLXY
According to Foresight News, Galaxy Digital announced via Twitter that it has officially listed on NASDAQ, with the stock code GLXY.
According to Foresight News, Julian Fahrer, founder of Bitcoin Laws, revealed that MSTR exposure in public retirement and financial funds in 14 US states reached $632 million in the first quarter. The cumulative increase in one quarter was $302 million, with an average holding size increase of 44%.