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Data: If ETH drops below $2,221, the total long liquidation strength on major CEXs will reach $850 million.
1h ago
Bostick: If interest rates are cut, inflation is highly unlikely to drop to 2%.
He explained that the current inflation rate is driven by factors that are not easily reversed by monetary policy alone, and that a significant reduction to 2% would require a much more aggressive approach or a change in underlying economic conditions.
Therefore, policymakers should be cautious about expecting a quick decline in inflation just through lowering interest rates.
1h ago
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Next week, major tech companies will release their earnings reports. Focus on companies like Tesla and Apple.
ChainCatcher News reports that next week, several major tech stocks will release their earnings reports, including Tesla (TSLA.O), Apple (AAPL.O), Microsoft (MSFT.O), and Meta Platforms (META.O). In addition, ExxonMobil (XOM.N) and General Motors (GM.N) will also publish their latest financial reports. On the economic data front, China’s January official PMI, the US November trade balance, and December PPI year-over-year figures will be released next week. The Federal Reserve FOMC will announce its interest rate decision early Thursday Beijing time; please stay tuned.