Tag: finance
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After FTX’s collapse, Ron Wyden is pressuring cryptocurrency exchanges on safety and organisation.
What is taking place is: In the wake of the failure of FTX, the chairman of the Senate Finance Committee, Ron Wyden, has issued a demand that cryptocurrency exchanges such as Binance.US, Coinbase, and others turn over information regarding their business activities. On Monday, the Oregon Democrat wrote letters to six of the largest cryptocurrency…
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A rising CPI may signal an earlier Fed pause.
The October Consumer Price Index (CPI) Report showed hints of easing U.S. inflation. Food and energy costs climbed 0.4% and 0.3%, respectively. The year-over-year inflation rate fell to 7.7%. This is just one month of pricing statistics, but it suggests U.S. inflation may be reducing as prices decline monthly in absolute terms. Still, inflation isn’t…