This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n
With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n
Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n
This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n
With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n
Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
However, the banking industry's pushback against the original proposal has been significant. Financial institutions have been calling for a re-proposal, arguing that the initial plan could hinder their operations and competitiveness. In response, regulators have spent months revising the plan, aiming to strike a balance between ensuring financial stability and maintaining a competitive banking sector.<\/p>\n\n\n\n While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n \"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Economic Weakness And Central Bank<\/h2>\n\n\n\n
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North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Economic Weakness And Central Bank<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Economic Weakness And Central Bank<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Economic Weakness And Central Bank<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Economic Weakness And Central Bank<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Economic Weakness And Central Bank<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Economic Weakness And Central Bank<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Economic Weakness And Central Bank<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Economic Weakness And Central Bank<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Economic Weakness And Central Bank<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Economic Weakness And Central Bank<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Economic Weakness And Central Bank<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Economic Weakness And Central Bank<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Economic Weakness And Central Bank<\/h2>\n\n\n\n