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#币安投票上币 #Uniswap’s Uniswap community approved two governance proposals to provide $165.5 million in funding to the Uniswap Foundation to promote the development of Uniswap v4 and the Unichain ecosystem, and to launch new liquidity incentive programs. In addition, the proposals lay the groundwork for the long-discussed 'fee switch,' a mechanism that will divert part of the protocol's revenue from liquidity providers to UNI holders. The Uniswap Foundation plans to push for governance members to allocate protocol fees after completing the necessary legal procedures. The new SEC chairman is expected to take office next month, at which point dividends should be distributed.
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#BNBChainMeme热潮 #cake Put the alpha that has not been listed on Binance onto the Binance app and you can also directly buy it with u, which is equivalent to turning cake into small Binance
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On Wednesday, Wall Street Journal reporter Nick Timiraos, who is regarded as the "mouthpiece of the Federal Reserve" and known as the "New Federal Reserve News Agency", published an article commenting on the U.S. CPI data in June. He believed that U.S. inflation fell to the lowest level in more than two years in June, making the U.S. It eased a painful period of rising prices and raised the possibility that the Federal Reserve would stop raising interest rates after a possible hike this month.
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During the epidemic, the U.S. government’s massive monetary policy coupled with epidemic lockdowns created a high savings rate unprecedented since World War II.
Excess savings of more than 2 trillion US dollars became an important ammunition for the subsequent U.S. economic recovery. Today, this ammunition storehouse is being eroded rapidly due to high inflation. At the current rate of decline, it is expected to be exhausted by September this year.
Excess savings of more than 2 trillion US dollars became an important ammunition for the subsequent U.S. economic recovery. Today, this ammunition storehouse is being eroded rapidly due to high inflation. At the current rate of decline, it is expected to be exhausted by September this year.
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US real interest rates soar
On Friday, the disappointing non-agricultural data did not extinguish investors' panic about raising interest rates. The higher-than-expected wage increase made many investors price the Fed to raise interest rates in July. U.S. Treasuries fell quickly after the release of the data, with 10-year and 30-year U.S. bond yields rising to their highest levels this year.
Meanwhile, yields on inflation-protected bonds, which represent real interest rates, are soaring. The nominal yield on the inflation-adjusted 10-year benchmark U.S. Treasury note (TIPS) rose to 1.82% on Friday, the highest level since 2009.
The real interest rate usually represents the real investment income of the real economy and the real financing cost of enterprises. It has an important impact on the behavior of micro entities, financial resource allocation and asset pricing, and has received widespread attention from policymakers and market participants.
Meanwhile, yields on inflation-protected bonds, which represent real interest rates, are soaring. The nominal yield on the inflation-adjusted 10-year benchmark U.S. Treasury note (TIPS) rose to 1.82% on Friday, the highest level since 2009.
The real interest rate usually represents the real investment income of the real economy and the real financing cost of enterprises. It has an important impact on the behavior of micro entities, financial resource allocation and asset pricing, and has received widespread attention from policymakers and market participants.
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The consensus on Wall Street is that an unexpected rise in average hourly earnings and still strong job creation will lead the Federal Reserve to resume raising interest rates in July. "New Fed News Service" Nick Timiraos believes that the policy path after July is unclear. Another group of analysts countered that super core service inflation, rather than simple employment data, is the focus of the Fed, and an interest rate hike in September cannot be ruled out.
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Last night the small non-agricultural sector killed the bulls, will the non-agricultural sector kill the shorts tonight? It's more comfortable to lie flat.
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The minutes showed that almost all policymakers believed it was appropriate to keep the policy unchanged in June, but some supported a 25 basis point interest rate hike. "New Fed News Service" concluded that they supported it because both inflation and economic activity were resilient. The minutes show that Fed officials are worried that continued high inflation may push up inflation expectations and weaken commercial real estate, and emphasize the need to monitor whether the tightening of credit conditions related to the banking industry will drag down the economy; a few people believe that the Treasury Department’s bond issuance may cause money market interest rates to rise in the short term. Pressure; Fed staff still expect the impact on the banking industry to cause a mild recession this year, but believe that avoiding a recession is almost as likely as a recession.
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The latest research from the Federal Reserve: interest rate cuts may not occur until 2026!
The latest Federal Reserve document shows that an interest rate cut may not come until 2026.
Last week, two economists at the Kansas City Fed, Johannes Matschke and Sai Sattiraju, said in their latest paper that to bring inflation down to 2%, the Fed would have to keep interest rates higher (above 5%) than The market expects a longer period, perhaps until 2026.
Economists point out that although the Federal Reserve tightened policy last year at the fastest pace since the 1980s, soaring inflation pushed the equilibrium level of interest rates in the U.S. economy to rise even faster. Because of this, the policy rate level will not enter a restrictive range until the first quarter of 2023.
Last week, two economists at the Kansas City Fed, Johannes Matschke and Sai Sattiraju, said in their latest paper that to bring inflation down to 2%, the Fed would have to keep interest rates higher (above 5%) than The market expects a longer period, perhaps until 2026.
Economists point out that although the Federal Reserve tightened policy last year at the fastest pace since the 1980s, soaring inflation pushed the equilibrium level of interest rates in the U.S. economy to rise even faster. Because of this, the policy rate level will not enter a restrictive range until the first quarter of 2023.
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Why hold the pie?
Now the whole macro is that inflation, deflation and recession are intertwined, so now it seems that inflation has come down, the economy is going to recession, U.S. stocks are going to collapse, the U.S. dollar is going to collapse, and U.S. bonds are going to collapse, but it can't collapse because Real-time core inflation cannot come down, only the overall one can come down, because oil cannot come down in a short time, commodities will not come down, core inflation will not come down, and once wages go up, it will be difficult to come down, and interest rate cuts will only It has always been expected, just like the return of mining investment, it has always been to cut interest rates after half a year. The current inflation and U.S. debt are near high and far low, and they have been shifting. On the road of inflation and recession, gold will be affected by the United States. Suppress, the big pie is the prettiest boy, and it will be the first time to realize a little bit of Satoshi Nakamoto's wishes. When the recession has not really come, the general trend does not support the big pie to go bearish again, so hold on to the big pie!
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