BitMEX has launched FTR spot trading

[Federal Reserve Meeting Shows Hawk-Dove Divergence for the First Time in Years] On October 30, the Federal Reserve's interest rate decision revealed a rare hawk-dove divergence. Board member Stephen Milan advocated for a one-time rate cut of 50 basis points for the second consecutive meeting, rather than the implemented 25 basis points; Kansas City Fed President Schmidt opposed any rate cuts, advocating for maintaining rates unchanged. This dual dissent last occurred in September 2019, indicating significant internal division within the Federal Reserve regarding the economic outlook.

[Federal Reserve Chairman Powell Says Inflation Levels Remain Elevated] Federal Reserve Chairman Powell stated that current data indicates no significant change in the economic outlook, and inflation levels remain slightly elevated.

[Former Fed Vice Chair Says Fed Votes May Remain Divided] Former Federal Reserve Vice Chair Richard Clarida stated that there is a clear division within the Fed on the issue of supporting an immediate rate cut. He noted that this division may persist during the remainder of Fed Chair Powell's term. Currently, the U.S. inflation rate stands at 3%.

[Federal Reserve Governors Milan and Schmidt Disagree on Interest Rate Decision] On October 30, the Federal Reserve FOMC statement revealed that Federal Reserve Governor Milan opposed the current interest rate decision, advocating for a 50 basis point rate cut; whereas Federal Reserve Governor Schmidt opposed the rate cut and supported maintaining the current interest rate. Inflation has risen this year and remains at a high level, while economic data indicates moderate expansion. The Federal Reserve plans to conclude its balance sheet reduction on December 1 and reinvest the principal from maturing mortgage-backed securities into short-term Treasury bonds.

[10-Year U.S. Treasury Yield Rises After Fed Rate Decision Announcement] Following the Federal Reserve's rate decision announcement, U.S. Treasury yields continued to rise, with the 10-year Treasury yield increasing by 3.9 basis points to reach 4.022%.