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Share link:In this post: Powell may cut interest rates in September because the economy is slowing, but he’s being cautious to avoid looking like he’s giving in to Trump. Trump wants big rate cuts to help with government debt, but Fed officials, like Beth Hammack, say inflation is still too high. Trump is pressuring Fed leadership, threatening to fire Lisa Cook and nominating Stephen Miran to the Fed board after a recent vacancy.
Share link:In this post: SpaceX is preparing to launch Starship from South Texas on August 24 after recent failures in flight and ground tests. NASA is relying on Starship for its Artemis moon program with a $4 billion contract and a 2027 deadline. The rocket stands nearly 400 feet tall with 33 booster engines and will attempt controlled splashdowns in the Gulf of Mexico and Indian Ocean.
Share link:In this post: Trump fired BLS head Erika McEntarfer and claimed July’s jobs report was rigged without proof. Wall Street investors are shifting away from BLS data and relying more on private sources. Experts like Philip Petursson and Michael O’Rourke no longer trust BLS numbers fully.
Share link:In this post: A Fed paper says the US can hit 250% debt-to-GDP without spiking interest rates—if demand holds up. Interest payments already hit $1.2 trillion, and will hit $1.4 trillion in 2026 unless yields fall. The Fed plans to cut rates soon, blaming rising unemployment despite inflation still climbing.
Ethereum ETFs continue to outperform Bitcoin products, which saw over $1.1 billion in outflows in the same period.
Prop AMMs like SolFi, HumidFi and Obric are taking over liquid capital markets
- 12:38US Q2 PCE Price Index Annualized Revised Value at 2.4%ChainCatcher news, according to Golden Ten Data, the revised annual rate of the US Q2 PCE Price Index is 2.4%, remaining unchanged from the previous value of 2.4%.
- 12:38The number of initial jobless claims in the US for the week ending August 23 was 229,000, compared to the expected 230,000.Jinse Finance reported that the number of initial jobless claims in the United States for the week ending August 23 was 229,000, with an expected 230,000. The previous value was revised from 235,000 to 234,000. (Golden Ten Data)
- 12:38Analysis: Bitcoin's MVRV ratio has fallen below the 365-day moving average, indicating potential cyclical weakness and a prolonged correction.Jinse Finance reported, according to Bitcoin.com News, that Bitcoin's MVRV ratio has fallen below the 365-day moving average, indicating possible cyclical weakness and a long-term correction.