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Trump: Fed should avoid rate cuts before November election, consider JPMorgan Chase CEO Dimon as Treasury Secretary According to ChainCatcher, former US President Trump was interviewed by Business Weekly, covering a wide range of topics including the US economy and his second presidential agenda if re-elected. Trump said that (if re-elected) he would allow Powell, the chairman of the Federal Reserve, to complete his term, including the position of governor (expiring in 2028), especially if he thought the latter was doing the right thing. In terms of policy interest rates, he warned that the Fed should avoid cutting interest rates before the November election to prevent boosting Biden. Regarding tax cuts, Trump hopes to reduce the corporate tax rate from the current 21% to as low as 15%, and no longer plans to ban TikTok. However, if this goal proves too difficult to achieve, he will be satisfied with a reduction to 20%. In addition, Trump also mentioned the issue of potential candidates for Treasury Secretary. He said that he could imagine that JPMorgan Chase CEO Dimon, who is said to be considering politics, is his candidate for Treasury Secretary. $PEPE $NOT $PEOPLE
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Fed Governor Kugler: If unemployment continues to rise, it would be appropriate for the Fed to cut interest rates early Odaily Odaily reported that Fed Governor Kugler said that the rebalancing of the job market means that inflation will fall to 2%. If the unemployment rate continues to rise, it would be appropriate for the Fed to cut interest rates in advance, and reiterated the position that "it would be appropriate to cut interest rates later in 2024." "The risks facing inflation and employment are now more balanced. Inflation has continued to decline, but it is still above the target. Data released by non-government departments provide another perspective for the overall economy." In addition, Kugler said that he is cautiously optimistic that US inflation will make progress toward 2%, and the Fed does not want the labor market to cool too much. (Jinshi) $PEPE $NOT $PEOPLE
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Ava Protocol has launched mainnet on Ethereum ChainCatcher reported that according to CoinDesk, the intent-based infrastructure protocol Ava Protocol (formerly OAK Network) has launched mainnet on Ethereum. The team said that this will enable developers to integrate event-driven super transactions without custom code, simplify complex on-chain operations, provide advanced functions beyond the Ethereum virtual machine, and support automated tasks such as payments and dynamic NFT casting. Earlier news, Ava Protocol completed a $10 million seed round of financing, with investors including Electric Capital, Taisu Ventures and Polygon founder Sandeep Nailwal. $PEPE $NOT $PEOPLE
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FIGHT on Ethereum broke through $0.07 this morning, setting a new record high On July 17, according to market data, the "Trump assassination" concept MEME coin FIGHT on Ethereum broke through $0.07 this morning, reaching a record high of $0.0793. It is now reported at $0.06304, with a 24-hour increase of 401%. The current total market value of FIGHT is temporarily reported at $61 million, and the 24-hour trading volume is $47 million. $PEPE $NOT $PEOPLE
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Fed's Kugler: If unemployment continues to rise, it would be appropriate for the Fed to cut interest rates early On July 17, Fed Governor Kugler said that the rebalancing of the job market means that inflation will fall to 2%. If the unemployment rate continues to rise, it would be appropriate for the Fed to cut interest rates in advance, and reiterated the position that "it would be appropriate to cut interest rates later in 2024." "The risks facing inflation and employment are now more balanced. Inflation has continued to decline, but it is still above the target. Data released by non-government departments provide another perspective for the overall economy." In addition, Kugler said that he is cautiously optimistic that US inflation will make progress toward 2%, and the Fed does not want the labor market to cool too much. (Jinshi) $PEPE $NOT $PEOPLE
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