BTC breaks through the $103000 mark
--
OKX-BTC/USDT is currently trading at $102937.40, with a 5-minute increase of 0.46%. Please be aware of market fluctuations.
Loading...
OKX-BTC/USDT is currently trading at $102937.40, with a 5-minute increase of 0.46%. Please be aware of market fluctuations.
[Barclays: If Repo Rates Remain Elevated, the Fed May Need to Intervene] Barclays strategist Samuel Earl stated in a report that if repo agreement rates return to above or at the upper end of the effective federal funds rate target range and persist for several weeks, the Federal Reserve may need to adjust its policy. Earl pointed out that the repo market is a key driver of federal funds rate trends, and officials need to monitor situations where repo rates remain at or above the upper limit of the range. The Fed may need to increase reserves through more repo lending or direct purchases of Treasury bills.
[Federal Reserve Governor Milan: Market Core PCE Near 2%] Federal Reserve Governor Milan stated that the market-based core Personal Consumption Expenditures (PCE) is closer to 2%. He also emphasized that policy should not mechanically react to stock market increases.
[Federal Reserve Governor Milan Says Further Rate Cuts Remain Reasonable] On November 6, Federal Reserve Governor Milan stated that further rate cuts remain reasonable.
[Federal Reserve Governor Milan Says ADP Data Shows Unexpected Positivity] On November 6, Federal Reserve Governor Milan stated that the ADP data performance is encouraging, and the employment market trend prior to the U.S. government shutdown seems to be continuing.
[U.S. Supreme Court Debates Legality of Trump's Tariff Policy] On November 5 local time, the U.S. Supreme Court began deliberations on the legality of President Trump's large-scale tariff imposition. This case is seen as a significant test of the boundaries of President Trump's authority and the expansion of his executive powers, with potential implications for the global economy. The U.S. Department of Justice was represented in court by D. John Sauer, the Trump administration's lead Supreme Court attorney and Solicitor General. Previously, on October 30, the U.S. Senate passed a resolution by a vote of 51-47, calling for the repeal of the "national emergency" invoked by the Trump administration in early April to implement "reciprocal tariffs." Public opinion suggests that this reflects Congress's attempt to limit the White House's trade authority.