on May 1, the US Department of Labor announced on Thursday that for the week ending April 26, the number of initial claims for unemployment benefits increased by 18,000 to 241,000, the highest level since early October. The increase in claims is mainly from New York, where the number of claims usually increases around the spring break before and after school. (FXStreet)
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U.S. jobless claims rise to highest level since October
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JPMorgan Chase issues Galaxy short-term bonds on Solana network
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HSBC expects the Federal Reserve to refrain from cutting interest rates for the next two years.
HSBC Securities predicts the Federal Reserve will maintain interest rates stable at the 3.5%-3.75% range set on Wednesday for the next two years. Previously, Federal Reserve policymakers lowered rates by 25 basis points with a split vote. The institution's U.S. economist Ryan Wang pointed out in a report on December 10 that Federal Reserve Chairman Jerome Powell was "open to the question of whether and when to further cut rates at next year's FOMC press conference." "We believe the FOMC will keep the federal funds rate target range unchanged at 3.50%-3.75% throughout 2026 and 2027, but as the economy evolves, as in the past, it is always necessary to pay close attention to the significant two-way risks facing this outlook." -
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Benjamin Melman, CEO of asset management company Edmond de Rothschild, stated that the US dollar may face downside risks again next year. "If the market worries again about US interest rates or if the artificial intelligence bubble suddenly bursts, the US dollar will be at risk." With the Federal Reserve cutting interest rates, the US dollar has continued to weaken this year. The US Dollar Index (DXY) recently fell 0.05% to 98.59. In mid-September, the index hit a three-and-a-half-year low of 96.218. -
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He Yi: BNB will be airdropped to users who have suffered losses due to their WeChat accounts being hacked.
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