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U.S. Inflation Faces Continued Pressure Amid Rising Tariffs According to PANews, Richard Clarida, former Vice Chairman of the Federal Reserve and current advisor at PIMCO, has expressed concerns over the ongoing inflationary pressures in the United States. Despite a better-than-expected performance at the beginning of the year, inflation is anticipated to face significant challenges due to early stockpiling and cumulative tariff impacts. Clarida highlighted that the average effective tariff rate in the U.S. rose to 15.6% in June, marking the highest level since 1937. This increase could potentially drive inflation above 3%. He questioned whether the Federal Reserve would maintain its forecast of two interest rate cuts within the year. Furthermore, Clarida emphasized that if the market doubts the independence of the new Federal Reserve Chair, there could be significant reactions in both the stock and bond markets. He noted that the yield on the 10-year U.S. Treasury bond indicates the return of the 'bond vigilantes,' reflecting heightened market scrutiny.$USDC
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#MyTradingStyle Every trader develops a unique style shaped by their personality, risk tolerance, and goals. Whether you’re conservative or aggressive, your trading style influences the strategies you use and your overall results.
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#GENIUSActPass Every trader develops a unique style shaped by their personality, risk tolerance, and goals. Whether you’re conservative or aggressive, your trading style influences the strategies you use and your overall results. 💬 What’s your unique trading style? Share your favorite strategies and why they work for you.
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#GENIUSActPass The U.S. Senate passed the GENIUS Act in a 68-30 vote, marking the first major crypto bill to ever clear the Senate. The bill now moves to the House, which must decide whether to advance its own version or take up the Senate’s bill.
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Strategy Acquires Over 10,000 Bitcoins in a Week According to BlockBeats, Strategy purchased 10,100 bitcoins between June 9 and June 15. This acquisition highlights the company's continued interest in expanding its cryptocurrency holdings.$BTC
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