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On July 14, Federal Reserve Chair Walsh shared his views on the economy. Walsh stated that the economy is on solid footing and financial markets appear to be functioning well, but the housing market presents mixed conditions, partly due to inflation remaining above the Fed's target level. He said the Fed can alleviate this issue by maintaining price stability. Discussing areas like artificial intelligence, Walsh remarked, 'We are not afraid of growth driven by productivity gains.' He noted, 'The labor market has shown remarkable resilience.' Walsh indicated that the Fed will focus on both price stability and maximum employment, and that these two mandates do not conflict. The better the Fed does in controlling inflation, the more willing employers will be to hire. 'We still have work to do on inflation,' he said.

[Walsh: The Two Aspects of the Fed's Dual Mandate Are Not in Conflict]On July 14, Federal Reserve Chair Walsh shared his views on the economy. Walsh stated that the economy is on solid footing and financial markets appear to be functioning well, but the housing market presents mixed conditions, partly due to inflation remaining above the Fed's target level. He said the Fed can alleviate this issue by maintaining price stability. Discussing areas like artificial intelligence, Walsh remarked, 'We are not afraid of growth driven by productivity gains.' He noted, 'The labor market has shown remarkable resilience.' Walsh indicated that the Fed will focus on both price stability and maximum employment, and that these two mandates do not conflict. The better the Fed does in controlling inflation, the more willing employers will be to hire. 'We still have work to do on inflation,' he said.

Walsh: The Two Aspects of the Fed's Dual Mandate Are Not in Conflict

On July 14, U.S. President Trump stated: Oil liquidity is unprecedented. The Strait of Hormuz is open to all ships except those from Iran—excluded because its leadership is rife with lies, violence, and malice, steering the country toward complete destruction. We will implement a full blockade, but only against ships traveling to or from Iranian ports or carrying goods related to Iran. I have decided to cancel the 'US 20% compensation fee' requirement, replacing it with trade and investment agreements between Gulf states and the United States. The scale of these investments will be enormous. The era of Iran causing hundreds of thousands of deaths is over, and more importantly, Iran will never possess nuclear weapons!

[Trump: Only Block Iranian Shipping, Replace US 20% Compensation with Gulf Investment]On July 14, U.S. President Trump stated: Oil liquidity is unprecedented. The Strait of Hormuz is open to all ships except those from Iran—excluded because its leadership is rife with lies, violence, and malice, steering the country toward complete destruction. We will implement a full blockade, but only against ships traveling to or from Iranian ports or carrying goods related to Iran. I have decided to cancel the 'US 20% compensation fee' requirement, replacing it with trade and investment agreements between Gulf states and the United States. The scale of these investments will be enormous. The era of Iran causing hundreds of thousands of deaths is over, and more importantly, Iran will never possess nuclear weapons!

Trump: Only Block Iranian Shipping, Replace US 20% Compensation with Gulf Investment

On July 14, Tony Welch of SignatureFD said that the market is overestimating the possibility of a Federal Reserve rate hike. Following the release of weak CPI inflation data for June, futures markets reflected a lower probability of a rate hike this month, but according to data from the CME Group, at least one rate hike this year remains possible. Welch said that inflation is on a downward trend regardless of fluctuations in fuel prices. 'We just aren't seeing the kind of wage growth that can support broad inflation across the entire economy over the long term,' he said. He expects Fed Chair Powell to try to keep inflation expectations near the Fed's 2% target. 'I do think he is trying to use his words to help set and keep inflation expectations stable,' he said.

[Analyst: June Inflation Data Supports View That Market Overestimates Fed Rate Hike Possibility]On July 14, Tony Welch of SignatureFD said that the market is overestimating the possibility of a Federal Reserve rate hike. Following the release of weak CPI inflation data for June, futures markets reflected a lower probability of a rate hike this month, but according to data from the CME Group, at least one rate hike this year remains possible. Welch said that inflation is on a downward trend regardless of fluctuations in fuel prices. 'We just aren't seeing the kind of wage growth that can support broad inflation across the entire economy over the long term,' he said. He expects Fed Chair Powell to try to keep inflation expectations near the Fed's 2% target. 'I do think he is trying to use his words to help set and keep inflation expectations stable,' he said.

Analyst: June Inflation Data Supports View That Market Overestimates Fed Rate Hike Possibility

On July 14, Federal Reserve Chairman Walsh stated that if the Fed adjusts its balance sheet policy, it will provide advance notice, explanation, and public discussion, giving financial markets ample preparation time. During the hearing, Walsh said that the outside world is well aware of his views on the Fed's massive balance sheet issue, but he is unwilling to prejudge the decisions that the Fed's newly established balance sheet task force will make. He pointed out that the balance sheet falls under the scope of monetary policy and emphasized that the Fed should avoid venturing into the realm of fiscal policy. Walsh stated, 'I assure you that if there is a change in balance sheet policy, we will provide advance notice, explanation, and discussion. Before any adjustment to balance sheet policy, both this committee and the entire financial market will receive sufficient advance notification.'

[Walsh: Market to Receive Full Notice If Fed Adjusts Balance Sheet]On July 14, Federal Reserve Chairman Walsh stated that if the Fed adjusts its balance sheet policy, it will provide advance notice, explanation, and public discussion, giving financial markets ample preparation time. During the hearing, Walsh said that the outside world is well aware of his views on the Fed's massive balance sheet issue, but he is unwilling to prejudge the decisions that the Fed's newly established balance sheet task force will make. He pointed out that the balance sheet falls under the scope of monetary policy and emphasized that the Fed should avoid venturing into the realm of fiscal policy. Walsh stated, 'I assure you that if there is a change in balance sheet policy, we will provide advance notice, explanation, and discussion. Before any adjustment to balance sheet policy, both this committee and the entire financial market will receive sufficient advance notification.'

Walsh: Market to Receive Full Notice If Fed Adjusts Balance Sheet

On July 14, Federal Reserve Chair Walsh insisted during a hearing on Tuesday on his commitment to not providing forward guidance on interest rates, with the nearly entire testimony avoiding mention of interest rate policy. Walsh stated that the Fed is firmly dedicated to maintaining price stability and pushing inflation back down to the 2% target, while emphasizing that the Fed has the policy tools needed to achieve this goal. He said, 'The more we focus on our own responsibilities, the further we stay away from politics.' Walsh also noted that the Fed will reassess its inflation framework to gain a deeper understanding of the factors driving inflation and what measures can be taken to address it. Regarding the newly established multiple working groups at the Fed, Walsh indicated that these groups are currently in the research and exploration phase. He pointed out that relevant discussions will first take place among the 19 policymakers, with the entire process remaining open and transparent, and that research findings and policy ideas will be shared with the public periodically. On balance sheet policy, Walsh emphasized that the balance sheet is part of monetary policy, not merely an issue of financial market operations. Any adjustments to balance sheet policy will be fully communicated and explained in advance, giving the market sufficient preparation time. When asked how he would respond if Trump attempted to intervene in Fed policy, Walsh replied that he would continue to fulfill his duties and insist on independently formulating monetary policy. He stated that the Fed has already demonstrated its commitment to policy independence and institutional reform.

[Walsh Reiterates Commitment to 2% Inflation Target, Emphasizes Monetary Policy Independence]On July 14, Federal Reserve Chair Walsh insisted during a hearing on Tuesday on his commitment to not providing forward guidance on interest rates, with the nearly entire testimony avoiding mention of interest rate policy. Walsh stated that the Fed is firmly dedicated to maintaining price stability and pushing inflation back down to the 2% target, while emphasizing that the Fed has the policy tools needed to achieve this goal. He said, 'The more we focus on our own responsibilities, the further we stay away from politics.' Walsh also noted that the Fed will reassess its inflation framework to gain a deeper understanding of the factors driving inflation and what measures can be taken to address it. Regarding the newly established multiple working groups at the Fed, Walsh indicated that these groups are currently in the research and exploration phase. He pointed out that relevant discussions will first take place among the 19 policymakers, with the entire process remaining open and transparent, and that research findings and policy ideas will be shared with the public periodically. On balance sheet policy, Walsh emphasized that the balance sheet is part of monetary policy, not merely an issue of financial market operations. Any adjustments to balance sheet policy will be fully communicated and explained in advance, giving the market sufficient preparation time. When asked how he would respond if Trump attempted to intervene in Fed policy, Walsh replied that he would continue to fulfill his duties and insist on independently formulating monetary policy. He stated that the Fed has already demonstrated its commitment to policy independence and institutional reform.

Walsh Reiterates Commitment to 2% Inflation Target, Emphasizes Monetary Policy Independence

On July 14, according to BIT (bit.com) market data, SK Hynix ADR (SKHY.O) gains expanded to 19%, now reported at $181.5.

[SK Hynix ADR Gains Expand to 19%]On July 14, according to BIT (bit.com) market data, SK Hynix ADR (SKHY.O) gains expanded to 19%, now reported at $181.5.

SK Hynix ADR Gains Expand to 19%

On July 14, Fed Chairman Walsh said that the Fed can start seriously considering when to purchase Treasury debt. We cannot return to the balance sheet size of 2006.

[Walsh: We Cannot Return to 2006 Balance Sheet Size]On July 14, Fed Chairman Walsh said that the Fed can start seriously considering when to purchase Treasury debt. We cannot return to the balance sheet size of 2006.

Walsh: We Cannot Return to 2006 Balance Sheet Size

July 14, according to Bloomberg citing知情人士, data center company Switch has hired Goldman Sachs and JPMorgan to handle its initial public offering. Switch's target valuation is $80 billion. Switch may conduct its IPO as early as the fourth quarter. Click the original link below to join the Beating · Feishu AI news channel, monitoring global AI hotspots and news 24/7.

[Data Center Company Switch Eyes Q4 IPO with $80 Billion Valuation]July 14, according to Bloomberg citing知情人士, data center company Switch has hired Goldman Sachs and JPMorgan to handle its initial public offering. Switch's target valuation is $80 billion. Switch may conduct its IPO as early as the fourth quarter. Click the original link below to join the Beating · Feishu AI news channel, monitoring global AI hotspots and news 24/7.

Data Center Company Switch Eyes Q4 IPO with $80 Billion Valuation

On July 14, according to BIT (bit.com) market data, U.S. software and IT services company stocks tumbled after International Business Machines Corporation (IBM) posted earnings that missed analyst expectations, reigniting market concerns about the sector's outlook. In early trading on Tuesday, IBM shares plunged as much as 26%, which, if sustained through the close, would mark the worst single-day performance since at least 1968. IBM attributed the missed earnings to clients shifting capital expenditure from its products to chips and servers. The software sector broadly came under pressure, with Microsoft falling 2%, Workday Inc. dropping 6.3%, Salesforce Inc. declining 3.2%, Autodesk Inc. sliding 2.4%, and SAP SE losing 3.4%. The iShares Expanded Tech-Software Sector ETF, which tracks the software sector, was down as much as 2.7% before paring some losses.

[U.S. Software Stocks Tumble as IBM's Disappointing Earnings Raise Investor Concerns]On July 14, according to BIT (bit.com) market data, U.S. software and IT services company stocks tumbled after International Business Machines Corporation (IBM) posted earnings that missed analyst expectations, reigniting market concerns about the sector's outlook. In early trading on Tuesday, IBM shares plunged as much as 26%, which, if sustained through the close, would mark the worst single-day performance since at least 1968. IBM attributed the missed earnings to clients shifting capital expenditure from its products to chips and servers. The software sector broadly came under pressure, with Microsoft falling 2%, Workday Inc. dropping 6.3%, Salesforce Inc. declining 3.2%, Autodesk Inc. sliding 2.4%, and SAP SE losing 3.4%. The iShares Expanded Tech-Software Sector ETF, which tracks the software sector, was down as much as 2.7% before paring some losses.

U.S. Software Stocks Tumble as IBM's Disappointing Earnings Raise Investor Concerns

Moralis, a blockchain infrastructure firm co-founded by popular crypto content creator Ivan Liljeqvist (aka Ivan on Tech), is the latest crypto company to cut jobs, Liljeqvist told The Block.
“In response to significant economic change and shifting customer and market priorities, we have decided to reduce our headcount," he said.
Liljeqvist declined to disclose the number of positions that were cut.  Sweden-based Moralis currently employs 85 people, according to its LinkedIn page.

Detail

【Ivan on Tech's Moralis becomes latest crypto firm to cut headcount】Moralis, a blockchain infrastructure firm co-founded by popular crypto content creator Ivan Liljeqvist (aka Ivan on Tech), is the latest crypto company to cut jobs, Liljeqvist told The Block.
“In response to significant economic change and shifting customer and market priorities, we have decided to reduce our headcount," he said.
Liljeqvist declined to disclose the number of positions that were cut.  Sweden-based Moralis currently employs 85 people, according to its LinkedIn page.

Ivan on Tech's Moralis becomes latest crypto firm to cut headcount

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Ivan on Tech's Moralis becomes latest crypto firm to cut headcount

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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