Decentralized revenue protocol Neutrl tweeted that due to the impact on protocol reserves, Neutrl has temporarily suspended minting, redemption, and other protocol functions.
[Barkin: Whether the Fed needs to raise rates to achieve the 2% inflation target remains undecided]
According to Jin10, Federal Reserve's Barkin stated that whether the Fed needs to raise interest rates to restore the 2% inflation target, or whether inflation is already on a downward path, remains an unresolved question.
[Harker: Reiterates the Need to Raise Interest Rates Now]
According to Jin10 reports, Federal Reserve's Harker reiterated the necessity of raising interest rates now.
The monthly PPI rate in the United States for July is 0%, with an expected rate of 0.20%, and the previous value has been revised from -0.30% to -0.1%.
