Market data shows that BTC briefly fell below $77,000, currently reported at $77,694, with a 24-hour decline of 3.3%. The market is experiencing significant volatility, so please ensure proper risk management.
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BTC Briefly Drops Below $77,000
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BTC Briefly Drops Below $77,000
Market data shows that BTC briefly fell below $77,000, currently reported at $77,694, with a 24-hour decline of 3.3%. The market is experiencing significant fluctuations, so please ensure proper risk management. -
BTC Falls Below $78,000
Market data shows that BTC has fallen below $78,000, currently priced at $77,876.01, with a 24-hour decline of 3.1%. The market is experiencing significant volatility, so please ensure proper risk management. -
Analyst Andrew Sacher: Waller's Remarks Undermine Market Dovish Expectations
On August 28, analyst Andrew Sacher stated: "Previously, some believed that Federal Reserve Chairman Waller advocated for using alternative inflation measures to select the one most favorable to him. However, in this speech, his approach was quite the opposite. He dissected PCE inflation and found that 49% of its components had an annualized price increase exceeding 3%, categorizing this level as 'quite high.' His discussion on the labor market was also hawkish, focusing on low unemployment rates and initial jobless claims. The usually closely watched non-farm payroll numbers were only briefly mentioned." (Jinshi) -
Walsh Emphasizes Anti-Inflation Efforts as U.S. Short-Term Treasury Yields Rise
On August 28, U.S. short-term Treasury yields increased. Federal Reserve Chairman Walsh, in a highly anticipated speech, emphasized the need for the Fed to curb rising consumer prices, alleviating some market concerns about its ability to combat inflation. During Walsh's speech, short-term U.S. Treasuries were sold off while long-term Treasuries rose. The yield on the two-year Treasury increased by 5 basis points to 4.28%, while the 30-year yield fell by 1 basis point to 5.19%. These changes indicate that the market expects the Fed may need to raise short-term rates. Since Walsh's first press conference in June, bond traders have had doubts about his policy stance. At that time, Walsh stressed the need to lower inflation and displayed a hawkish stance. Since the global economy reopened from the pandemic in 2021, U.S. inflation has remained above the Fed's 2% target. However, in July, the Fed kept rates unchanged, and Walsh did not indicate whether a rate hike might occur this year. Subsequently, long-term Treasury yields rose significantly as traders demanded higher returns to compensate for the risks posed by escalating inflation. On Friday, Walsh warned that inflation had not shown meaningful signs of slowing and stated that policymakers must be confident that inflation is improving; otherwise, the central bank 'has work to do.' He also reiterated that policymakers will bring the inflation rate back to the 2% target, emphasizing that this goal is clear and fixed. -
Walsh Emphasizes Anti-Inflation Efforts as US Short-Term Bond Yields Rise
On August 28, US short-term Treasury yields increased. Federal Reserve Chairman Walsh, in a highly anticipated speech, emphasized the need for the Fed to curb rising consumer prices, alleviating some market concerns about its ability to combat inflation. During Walsh's speech, short-term US Treasuries were sold off while long-term Treasuries rose. The yield on the two-year Treasury increased by 5 basis points to 4.28%, while the 30-year yield decreased by 1 basis point to 5.19%. These changes indicate that the market expects the Fed may need to raise short-term rates. Since Walsh held his first press conference in June, bond traders have expressed doubts about his policy stance. At that time, Walsh stressed the need to lower inflation and exhibited a hawkish position. Since the global economy reopened from the pandemic in 2021, US inflation has consistently exceeded the Fed's 2% target. However, in July, the Fed maintained interest rates, and Walsh did not indicate whether a rate hike might occur this year. Subsequently, long-term Treasury yields surged as traders demanded higher returns to compensate for the risks posed by rising inflation. Walsh warned on Friday that inflation has not shown meaningful signs of slowing and stated that policymakers must be confident that inflation is improving; otherwise, the central bank 'has work to do.' He also reiterated that policymakers will bring the inflation rate back to the 2% target, emphasizing that this goal is clear and fixed. -
ETH Surpasses $2500
Market data shows that ETH has surpassed $2500, currently priced at $2500.8, with a 24-hour decline of 0.21%. The market is experiencing significant volatility, so please ensure proper risk management. -
ETH Surpasses $2500
Market data shows that ETH has surpassed $2500, currently priced at $2500.8, with a 24-hour decline of 0.21%. The market is experiencing significant volatility, so please ensure proper risk management. -
Waller Signals Hawkish Stance, Sees No Restrictive Financial Conditions
On August 28, in a speech that was more hawkish than many market participants expected, Federal Reserve Chairman Kevin Waller cited a series of indicators showing a strong economic condition, including high corporate profits, stable consumer spending, and narrowing credit spreads. Waller stated, "In my view, the credit and loan markets show almost no signs that monetary policy is becoming restrictive. Overall, I find it difficult to describe the current overall financial conditions as restrictive." This statement boosted Wall Street's bets on interest rate hikes by the Federal Reserve. -
Waller Signals Hawkish Stance, Sees No Restrictive Financial Conditions
On August 28, in a speech that was more hawkish than many market participants expected, Federal Reserve Chairman Kevin Waller cited a series of indicators showing a strong economic condition, including high corporate profits, stable consumer spending, and narrowing credit spreads. Waller stated, "In my view, the credit and loan markets show almost no signs that monetary policy is becoming restrictive. Overall, I find it difficult to describe the current overall financial conditions as restrictive." This statement boosted Wall Street's bets on a rate hike by the Federal Reserve. -
Spot Gold Falls Below $4,560/Ounce, Daily Decline of 0.91%
Spot gold has fallen below $4,560 per ounce, with a daily decline of 0.91%.
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