Macquarie's forecast for the first Fed rate cut, the latest news is that Macquarie Group economists expect the Fed to ease monetary policy from December 2024, rather than the previously expected first quarter of 2025, due to the recent decline in inflation. Macquarie currently expects the Fed to cut interest rates by 25 basis points in the fourth quarter of 2024, that is, in December.

Cryptocurrency management company Tap Global recently expanded its business to the United States. Tap Americas will now provide customers in 48 states in the United States with a variety of digital asset trading services, including Bitcoin, Ethereum, XRP and USDC. From now on, Tap Global will operate in these 48 states and plans to include New York in its service scope shortly after the initial launch