Cointime

Cointime

Download App
iOS & Android
Home / Point

Waller: Regional Fed Presidents Have Developed a Framework to Centralize Some Fed Functions

On May 9, Federal Reserve Governor Waller stated that regional Fed presidents have developed a framework aimed at centralizing some functions of the Federal Reserve. This framework will not undermine the independence of local Federal Reserves. Waller did not comment on monetary policy or the economic outlook during his speech regarding the operations of regional Federal Reserves.

Comments

All Comments

Recommended for you

  • Yen Exchange Rate Hits New Low as Market Sells Off Yen

    On July 1, according to CCTV Finance, this morning in the Tokyo foreign exchange market, the yen further depreciated against the dollar, briefly falling to 162.70 yen per dollar, marking a new low since December 1986. Japan's Finance Minister Shunichi Suzuki recently stated that the government will take appropriate measures as necessary regarding the yen's depreciation. Analysts point out that the strengthening of U.S. economic data has reinforced market expectations for prolonged high interest rates, leading to increased market sell-offs of the yen. Additionally, concerns that high government policies will exacerbate fiscal deterioration continue to pressure the yen.

  • Lianmicro: Strong Demand for 8-Inch Heavily Doped Epitaxial Wafer Orders, 12-Inch 28nm Logic Chip Silicon Wafers in Mass Production

    On July 1, Lianmicro announced its investor relations activity record, stating that the overall shipment scale remains high with strong order demand. Among them, the orders for 8-inch heavily doped epitaxial wafers are robust. The company's monthly production capacity for 6-inch substrates and polished wafers reaches 750,000 pieces, with the vast majority further processed into 6-inch epitaxial wafers for shipment. All substrates required for epitaxial wafer production are supplied in-house, achieving complete autonomy and control. In the advanced process field, the Jiaxing base is positioned for 12-inch lightly doped polished wafers at 28nm and below, and is also equipped to supply lightly doped epitaxial wafers, focusing on serving analog and logic chip customers. The company has currently achieved mass production of silicon wafers for 28nm logic chips.

  • UBS: ASML May Raise Expectations Again

    On July 1, UBS analysts wrote in a report to clients that ASML may raise its outlook for the year again when it announces its second-quarter results on July 15. The Dutch semiconductor manufacturing equipment supplier expects sales this year to be between 36 billion and 40 billion euros. Analysts stated that as demand for chip manufacturing equipment continues to grow, the group may adjust its expectations to the upper end of this range or possibly slightly above it. ASML anticipates a gross margin between 51% and 53%, which is a closely watched metric for pricing power and profitability. Analysts believe there is room for a moderate upward adjustment towards the upper end of this range. ASML's stock price rose by 0.5%, reaching 1,729 euros.

  • Iranian Official: Indirect Talks Between Iran and US Held in Qatar, Focusing on Two Key Issues

    On July 1, a senior Iranian official stated that indirect talks between Tehran and Washington began on Tuesday evening local time in Doha. The discussions primarily focused on the unfreezing of Iranian funds and issues related to the Strait of Hormuz. The official said, 'The indirect negotiations started on Tuesday evening. Iranian officials met with representatives from Qatar and Pakistan, who then engaged with the US side. The indirect talks continued on Wednesday, concentrating on Iran's frozen assets and the Strait of Hormuz issues.'

  • UN Plans to Lead Development of Global AI Regulations

    On July 1, according to Axios, a new committee supported by the United Nations will bring together executives from major tech companies and heads of state to collaboratively establish global rules regarding artificial intelligence. It has been reported that the UN and its International Telecommunication Union are forming the 'Global Committee on AI for Good'. The committee's inaugural meeting will take place on July 8 in Geneva, Switzerland.

  • UBS: Walsh's Debut Signals Hawkish Stance, But Rate Hike Expectations May Be Overdone

    On July 1, UBS noted in its latest report that the first monetary policy meeting under Federal Reserve Chairman Kevin Walsh sent clear hawkish signals, but the market's bets on rate hikes for the remainder of the year may be overly aggressive. UBS expects that the Federal Reserve is more likely to keep the federal funds rate unchanged at 3.50%-3.75% for the rest of the year and recommends that investors increase their allocation to short- and medium-duration high-quality bonds to lock in the currently high yields.

  • Iran Insists on Retaining Control Over the Strait of Hormuz

    On July 1, two senior Iranian sources revealed that Iran is determined to seek international recognition of its control over the Strait of Hormuz, as well as its right to charge fees to vessels entering and exiting the Gulf, even if it means using force. Under a temporary agreement reached with the United States this month, aimed at ending three months of conflict between the two sides, Iran agreed to allow vessels to pass through the strait free of charge for 60 days. However, Iran believes the wording of the agreement allows it to continue controlling which vessels can pass and their navigation routes within the narrow waterway. The sources stated that Iran is also determined to ensure this control is formally recognized in the long term after the temporary agreement expires; its negotiators will not shift to other contentious issues in peace talks with Washington until consensus is reached on this matter.

  • Amazon Web Services to Invest $1 Billion in New AI Department

    On July 1, it was reported that on June 30, Amazon Web Services (AWS), the cloud computing platform of the American tech giant Amazon, announced an investment of $1 billion (approximately 6.8 billion RMB) to establish a new artificial intelligence department dedicated to assisting customers in building and implementing AI systems. AWS stated that it plans to deploy thousands of frontline deployment engineers, and the relevant teams will collaborate closely with customers' business, R&D, and security departments. Within just a few weeks, they will help customers establish self-operating technical teams and deliver complete AI solutions. According to foreign media reports, AWS is the world's largest cloud service provider by revenue and the first large-scale cloud vendor to launch such a dedicated on-site engineer service.

  • Whale Uses 20x Leverage to Go Long on 800 BTC, Total Position Exceeds $46.88 Million

    According to on-chain analyst Ai Yi, four addresses suspected to belong to the same whale or entity leveraged 20 times to go long on BTC on June 26 and today, with each address going long on 200 BTC, totaling 800 BTC. The total position exceeds $46.88 million, with an unrealized loss of $450,000.

  • WTI Crude Oil Drops Over 2%

    On July 1, WTI crude oil fell over 2% during the day, currently priced at $68.50 per barrel. Brent crude oil dropped below $72 per barrel, down 1.94% for the day.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company