DODO announces major actions to be announced within 3 days

[White House Economic Council Director Hassett Says Future May Require Rate Cuts] White House National Economic Council Director Hassett stated that based on the CPI data available, further rate cuts may be needed in the future.

[The three major U.S. stock indexes closed lower, with the tech sector leading the decline] The three major U.S. stock indexes collectively closed lower: the Dow Jones Index fell 1.65%, the S&P 500 Index fell 1.65%, and the Nasdaq Composite Index fell 2.29%. The tech sector led the decline, with Tesla down over 6%, Intel down over 5%, AMD and Oracle down over 4%, Nvidia down over 3%, and Amazon and Google down over 2%.

[U.S. Stock Market's Three Major Indexes Decline Across the Board, Nasdaq Down 2.29%] On November 14, U.S. stocks closed on Thursday with the Dow Jones Industrial Average down 1.6%, the S&P 500 Index down 1.6%, and the Nasdaq Composite Index down 2.29%. Tesla fell over 6%, Nvidia dropped 3.5%, Oracle and AMD both fell over 4%, while Cisco bucked the trend and rose more than 4%. The Nasdaq Golden Dragon China Index fell 1.59%, Alibaba rose 1%, and Baidu dropped over 6%.

[Federal Reserve Kashkari: Rate cuts should be paused in October, no strong inclination for a rate cut in December] Federal Reserve Kashkari stated that economic resilience indicates rate cuts should be paused in October and noted that conditions have not changed since the October meeting. He expressed no strong inclination regarding a rate cut in December.

The Federal Reserve will hold a meeting on December 9-10, and possible policy adjustments may affect market risk appetite, driving down yields, rising stock and credit markets, and having a positive impact on cryptocurrencies. （Cointelegraph）