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Swell: White Pearls Voyage snapshot completed, Black Pearls holders can claim SWELL in October Odaily reports that the liquidity re-pledge platform Swell released an overview of its points system: -White Pearls: The Voyage activity snapshot has been completed, please pay attention to the TGE announcement; -Black Pearls: Holders will be able to apply for SWELL in the first round of Wavedrop in October; -Ecosystem points: Holders will share in all Swell L2 airdrops. $BTC $ETH $BNB
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Fed's Daly: It's time to consider rate cuts Odaily News: FOMC voter Dai recently stated that the latest economic data has given her "more confidence" that inflation is under control. It is now time to consider adjusting the current interest rate range of 5.25%-5.50%. Although the labor market is slowing, it is "not weak." She also said that the Federal Reserve does not want to "tighten monetary policy too much during an economic slowdown." She added that failing to adapt policy to progress on inflation and a slowdown in economic growth "could lead to an outcome we don't want, which is price stability but an unstable, shaky labor market." Her remarks are consistent with those of Atlanta Fed President Bostic, who recently said that waiting too long to cut rates "does indeed carry risks." The weak July employment report has raised concerns about the health of the U.S. economy and has to some extent triggered a global stock market sell-off. Dai said that companies generally do not resort to layoffs. Instead, they are now cutting discretionary spending to adapt to a "bubble world" that is no longer "unrestrained growth." $BTC $ETH $BNB
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Fed voter: It's time to consider rate cuts According to Mars Finance news, FOMC voter Daly of the Federal Reserve recently stated that the recent economic data has made her "more confident" that inflation has been brought under control. It is now time to consider adjusting the current interest rate range of 5.25%-5.50%. Although the labor market is slowing, it is "not weak." $BTC $ETH $BNB
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Swell Network: White Pearls snapshot completed, Black Pearls holders will be able to claim SWELL in the first wavedrop in October Foresight News reported that the liquidity re-pledge platform Swell Network has completed the snapshot for the Voyage activity (White Pearls), and Black Pearls holders will be able to receive SWELL in the first batch of Wavedrop in October. Ecosystem point holders will share all Swell L2 airdrops. $BTC $ETH $BNB
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Wall Street is betting on Powell to confirm a rate cut, but a miss could spark negative sentiment On August 19, according to market data, Wall Street is betting that Federal Reserve Chairman Powell will confirm at the Jackson Hole annual meeting that the Federal Reserve is about to cut interest rates. But as the focus shifts from "whether to cut interest rates" to "how much the interest rate will be cut," stock traders may be disappointed. "If traders hear that interest rates are about to be cut, the stock market will react positively," said Eric Beiley, Managing Director of Steward Partners Global Advisory Wealth Management. "If they don't hear the information they want, it will trigger a massive sell-off." The market fully expects the Federal Reserve to start cutting interest rates at the September meeting. But on Friday, Powell may be tight-lipped about the timing of the interest rate cut. Given his character, he is also likely to take a cautious and vague approach to revealing how much the Federal Reserve's interest rates may decline after completing the easing. "The market is very confident that interest rates will be cut soon," Beiley said. If Powell does not emphasize that this is the path forward, it will be a huge surprise. $BTC $ETH $BNB
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