In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n
Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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 the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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 story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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 increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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 British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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"};
British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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 Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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"};
Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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"};
Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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"};
\"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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 Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n \"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","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":17644,"post_author":"18","post_date":"2024-07-05 21:46:31","post_date_gmt":"2024-07-05 11:46:31","post_content":"\n British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK's leading mortgage lenders, reported a 0.2% rise from May, with an annual increase of 1.5% compared to June last year.<\/p>\n\n\n\n The British housing market, which saw unprecedented growth during COVID-19, has since faced headwinds as the Bank of England raised interest rates to levels not seen since 2008. This move, aimed at curbing inflation, has dampened the property market's momentum, with current prices sitting around 3% below their record highs from two years ago.<\/p>\n\n\n\n The increase in borrowing costs has made homeownership more challenging for many, particularly first-time buyers. Despite stronger earnings growth, the higher mortgage rates have significantly reduced purchasing power, leading to a more subdued market.<\/p>\n\n\n\n See Related:<\/em><\/strong> Recession Fears And A Slow Labour Market Exert Pressure On Stocks<\/a><\/p>\n\n\n\n However, the story isn't uniformly bleak across the UK. London's property market, often seen as a bellwether for the rest of the country, saw prices rise by 1.6% in the second quarter compared to the same period in 2023. This regional variation highlights the complex dynamics at play in the housing market, where local factors can heavily influence price movements.<\/p>\n\n\n\n In the political arena, Britain's opposition Labour Party, which currently leads in opinion polls ahead of Thursday's election, has proposed relaxing planning rules. This move is intended to boost construction and, ultimately, make housing more affordable. If implemented, such policies could provide a much-needed supply-side stimulus to the housing market, potentially easing price pressures in the longer term.<\/p>\n\n\n\n Looking ahead, the housing market's trajectory remains uncertain. A Reuters<\/a> poll of housing market analysts, conducted on May 29, projected a 1.8% rise in property prices for 2024. This optimistic outlook is underpinned by expectations of higher wages, which could enhance affordability despite the prevailing high mortgage rates.<\/p>\n\n\n\n The modest rise in UK house prices in June underscores the resilience of the housing market amidst significant economic challenges. While higher borrowing costs continue to exert pressure, regional variations and potential political interventions add layers of complexity to the market's future. As analysts predict a gradual recovery, the interplay between wage growth and borrowing costs will be critical in shaping the housing landscape in the coming years.<\/p>\n","post_title":"British Housing Market Sees Slight Increase Despite Economic Pressures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"british-housing-market-sees-slight-increase-despite-economic-pressures","to_ping":"","pinged":"","post_modified":"2024-07-05 21:46:35","post_modified_gmt":"2024-07-05 11:46:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17644","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 indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve Chair Jerome Powell reiterated remarks submitted to the Senate Banking Committee Tuesday, that recent inflation data have shown \"modest further progress,\" and that \"more good data\" would strengthen policymakers' confidence that inflation was returning to their 2% target.<\/p>\n\n\n\n The Consumer Price Index (CPI) data will be released on July 11 and if the inflation figures are lower than expected, it could signal an immediate interest rate cut or suggest that the Federal Reserve will implement additional rate cuts in the near future. Market bets on a 25-basis-point rate cut from the Fed in September were at 74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch. Raymond James Chief Market Strategist Matthew Orton said<\/a> in an interview with Reuters:<\/p>\n\n\n\n \"There's still three CPI reports that we're slated to get between now and September, so it's hard to say conclusively that he's leaning towards September or if it's going to be pushed off. My expectation for CPI is that it will continue to see the easing trend with respect to inflation. But I don't think the decline we're going to see for June is going to be as strong as what we saw in May.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> U.S. Central Bank May Need To Keep Interest Rates Higher For Longer. What To Expect In The Upcoming Days?<\/a><\/p>\n\n\n\n Federal Reserve Chair Jerome Powell also said this Wednesday that the central bank is not just focused on inflation and that policymakers closely watch the situation in the U.S. labor market. He concluded that the U.S. is still on track for a so-called soft landing, where the Fed's inflation target is met without a significant increase in the unemployment rate. This outcome seemed improbable when inflation reached a 40-year high in 2022.<\/p>\n\n\n\n The Nasdaq Composite rose 1% to 18,608.2 intraday, while the S&P 500 gained 0.7% to reach 5,614.8. The Dow Jones Industrial Average advanced 0.5%, climbing to 39,479.8 while it is important to mention that the technology and materials sectors led the gains, with financials being the only sector to decline. Following the progress of Wall Street's main indexes seen in the first half of the year, investors are still optimistic about the prospect of another robust period ahead. This optimism is rooted in the anticipation that a decelerating economy will result in a gentle landing rather than a full-scale recession.<\/p>\n","post_title":"Wall Street's Main Indexes Advanced After Fed Chair Powell's Remarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wall-streets-main-indexes-advanced-after-fed-chair-powells-remarks","to_ping":"","pinged":"","post_modified":"2024-07-15 03:48:49","post_modified_gmt":"2024-07-14 17:48:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17776","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
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Elections And Opposition Labour Party<\/h2>\n\n\n\n
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Elections And Opposition Labour Party<\/h2>\n\n\n\n
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Elections And Opposition Labour Party<\/h2>\n\n\n\n
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Elections And Opposition Labour Party<\/h2>\n\n\n\n
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Elections And Opposition Labour Party<\/h2>\n\n\n\n
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Elections And Opposition Labour Party<\/h2>\n\n\n\n
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Elections And Opposition Labour Party<\/h2>\n\n\n\n
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Elections And Opposition Labour Party<\/h2>\n\n\n\n
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North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Elections And Opposition Labour Party<\/h2>\n\n\n\n
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North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Elections And Opposition Labour Party<\/h2>\n\n\n\n
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North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Elections And Opposition Labour Party<\/h2>\n\n\n\n
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North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Elections And Opposition Labour Party<\/h2>\n\n\n\n
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North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Elections And Opposition Labour Party<\/h2>\n\n\n\n
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North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Elections And Opposition Labour Party<\/h2>\n\n\n\n
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North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Elections And Opposition Labour Party<\/h2>\n\n\n\n
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North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Elections And Opposition Labour Party<\/h2>\n\n\n\n
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North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Elections And Opposition Labour Party<\/h2>\n\n\n\n
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North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Elections And Opposition Labour Party<\/h2>\n\n\n\n
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Central Bank And Inflation<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Elections And Opposition Labour Party<\/h2>\n\n\n\n
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Central Bank And Inflation<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Elections And Opposition Labour Party<\/h2>\n\n\n\n
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Central Bank And Inflation<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Elections And Opposition Labour Party<\/h2>\n\n\n\n
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Central Bank And Inflation<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
Elections And Opposition Labour Party<\/h2>\n\n\n\n
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Central Bank And Inflation<\/h2>\n\n\n\n
North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n
