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05:07
Hawkish remarks by Waller spark rate hike expectations, causing copper prices to fall more than 1%
Golden Ten Data reported on June 18 that remarks made by Federal Reserve Chair Walsh at his first press conference sparked market speculation about interest rate hikes. Subsequently, LME copper prices fell by more than 1%, erasing the gains from the previous week. Walsh repeatedly emphasized the Federal Reserve’s firm commitment to fighting inflation, leading futures traders to increase their bets on a possible rate hike as early as next month. For the metals market, this shift suppressed the earlier bullish sentiment seen this week—previously, the agreement between the United States and Iran to sign a temporary peace deal had boosted market risk appetite. The market believes that if the Federal Reserve adopts a more hawkish stance, it could dampen global economic growth and metals demand.
04:56
Jeffrey Gundlach: Federal Reserve Chairman Kevin Warsh holds a hawkish stance, reducing the likelihood of significant rate cuts
DoubleLine Capital CEO Jeffrey Gundlach stated on CNBC that Federal Reserve Chair Kevin Warsh released a hawkish signal, emphasizing the price stability objective, which reduces the risk of the Federal Reserve implementing excessively loose policies and lowers the likelihood of significant rate cuts.
04:56
Web3 operating system Anoma will launch a privacy-encrypted payment card
Foresight News reports that Web3 operating system Anoma will launch a privacy-encrypted payment card, and the waitlist is now open.
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