Gulsby: Inflation lasting longer than expected

HyperliquidNews announced on the X platform that the number of independent traders on TradeXYZ has exceeded 400000.

Bank of England Governor Andrew Bailey stated at the Jackson Hole Economic Conference that the UK has not yet experienced a significant second round of inflationary effects, and the labor market has been weak for some time, so the situation can continue to be observed. The market has fully anticipated a 25 basis point interest rate hike this year and another 25 basis point hike by next spring.

The Federal Reserve's overnight reverse repurchase agreement (RRP) had a usage scale of $175 million on Friday, with one counterparty, and a scale of $456 million on the previous trading day.

Federal Reserve Gulsby stated that the policy objectives of the Federal Reserve and the US Treasury Department do not conflict.

Trade.xyz and Hyperliquid have jointly submitted a comment letter to the US Commodity Futures Trading Commission, calling for the establishment of a US regulatory pathway for energy perpetual contracts and 24/7 trading. Trade.xyz is Hyperliquid's first and largest third-party perpetual contract market deployment provider, with a cumulative trading volume of over $500 billion in its WTI, Brent crude oil, and Henry Harbor natural gas markets since their launch in October 2025. The comment letter suggests setting leverage restrictions, disclosing funding rates and clearing mechanisms for US market participants, and allowing compliant markets to use on chain infrastructure for transaction execution, margin management, clearing, settlement, and record keeping.