Trump: The government will resume normal operations. He advocates direct payments to individuals to purchase healthcare services. The government shutdown cost $1.5 trillion. White House: The release of October's employment and inflation reports is unlikely, leaving the Fed facing a data gap ahead of its December meeting. Collins, Federal Reserve: I am reluctant to ease monetary policy further unless there is a significant deterioration in the labor market. - The bar for further easing in the short term is relatively high. - It would be prudent to ensure that inflation is sustainably moving toward the 2% target before implementing further policy rate cuts. - More monetary support for economic activity carries the risk of slowing or halting inflation's return to 2%. - I expect a slight increase in the unemployment rate and anticipate tariffs will keep inflation elevated through early 2026. - I have not seen an increase in downside risks to employment since the summer. - Cites limited data on inflation due to the government shutdown. President Trump has officially signed the bill ending the “government shutdown.” The longest government shutdown in history has finally come to an end. #TRUMP
🔷Liquidation amounts in futures trading over the last 24 hours: 🔹Total liquidation: 1.03 billion dollars 🔹Long position: 723 million dollars 🔹Short position: 306 million dollars
🚨Fed's Waller: Quarter-point interest rate cut supported on 9-10 December.
FED Statements - FED Board Member Christopher Waller announced that he supports a quarter-point interest rate cut at the meeting to be held on 9-10 December. This decision could create volatility in the markets and stimulate economic growth. Waller's call for an interest rate cut is seen as a step to support economic growth, while investors and analysts are closely monitoring the FED's next moves. This development has caused a stir in the financial world. Interest rate cuts could play a key role in balancing inflation and unemployment rates.
💵Over the past 60 minutes, $172 million has been liquidated in the crypto market.
Over the past 60 minutes, $172 million has been liquidated from the cryptocurrency market. In the last 24 hours, 165,105 investors were liquidated, with the total liquidation amount exceeding $898 million. The unabated decline in the cryptocurrency market is causing concern among investors. Cryptocurrency investors continue to be particularly affected by severe liquidations. These fluctuations could increase market uncertainty and lead to further liquidations. Cryptocurrency investors should exercise caution.
Washington, DC – Former US President Donald Trump criticised the Mexican government in his latest statements. Trump stated that Mexico has not taken sufficient steps regarding border security and drug trafficking. Trump said, "Mexico needs to take more responsibility," and emphasised that new strategies are needed to combat the crisis at the border. His statements caused a stir in political circles. Details on the matter will become clearer in the coming days.
Trump will hold major economic rallies until the end of the year.
According to information from the White House, former US President Donald Trump plans to hold large indoor rallies focused on the economy until the end of the year. Trump's advisers say the former president has an "effective economic model" but that more time is needed for this strategy to yield concrete results. While key issues such as the economy and election strategy are expected to take centre stage, these rallies could also be an important step in boosting the morale of Trump's supporters. Trump aims to project a strong stance on the economy and addressing the public.
A Groundbreaking Development in the Crypto World! Coinbase, the renowned crypto exchange, has announced that it will soon list $TON (TonCoin). TonCoin offers its users innovative blockchain solutions, and this move is set to have a major impact on the cryptocurrency world. Coinbase, which stands out among crypto exchange platforms, is expected to expand its user base with this move. The growing interest in cryptocurrency investments and digital assets has made TonCoin an attractive option for investors. This development is generating excitement in the crypto market while also highlighting the changes in the digital finance world. Source: Crypto Laws News
The White House is reviewing the IRS's policy on examining overseas crypto assets.
White House Reviews IRS Overseas Crypto Policies
The White House is reviewing a new policy draft that would strengthen the US Internal Revenue Service's (IRS) monitoring of overseas crypto assets. This step is being taken with the aim of joining an international cryptocurrency data-sharing coalition and seeks to increase global cryptocurrency oversight. The move is seen as a strategic move to prevent tax evasion and increase transparency. Financial regulation and international cooperation are becoming increasingly important in making cryptocurrency markets more transparent and traceable. This development could bring about significant changes in the cryptocurrency sector.