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With the US-Iran negotiations still unresolved, international oil prices remain high. A quick overview of the pre-market conversion prices of crude oil between domestic and international markets is provided in this chart.According to Futures News on August 10, as of 20:30 Beijing time, WTI crude oil futures rose 2.88% and US natural gas futures rose 4.17%.According to A95 Consulting, gasoline imports in Ukraine increased by 34% in July.Iranian President: The meeting with the Supreme Leader lasted 7-8 hours.On August 10th, according to Kyodo News, several Japanese government officials revealed that the Japanese and US governments conducted an unusual joint intervention to buy yen on July 31st (US Eastern Time), the first such action in 28 years. The decisive factor was that Bank of Japan Governor Kazuo Ueda strongly hinted at a press conference that day (July 31st) that policy interest rates would be raised as soon as possible, in September or later. Ueda explicitly stated that if necessary, the pace of interest rate hikes would be "accelerated." The US side gave a positive assessment, and both sides were aligned in preventing excessive yen depreciation. This is because the US is concerned that Japans slow pace of interest rate hikes has led to excessive yen depreciation, which could trigger further price increases and a rise in long-term interest rates, potentially impacting global financial markets. A senior Japanese government official revealed: "Governor Uedas statement was very persuasive to the US. At the same time, this also means that the Bank of Japan has no choice but to raise interest rates at its next policy meeting (September 17-18)."

US Fed Considering CBDC, But Not Decided To Pursue or Implement

Cory Russell

Apr 15, 2022 10:40

The Federal Reserve of the United States has said that it is exploring creating a central bank digital currency (CBDC). The central bank has not yet determined whether or not to pursue or deploy a digital dollar, according to the central bank.


The Fed, on the other hand, has already issued a CBDC report emphasizing the use of stablecoins like USD Coin and Tether; the statement on Thursday is the most important to date.

Fed Exploring CBDC “Benefits and Risks”

In a tweet today, the authority said that it is looking into the possible advantages and hazards of CBDCs.


It has also produced a series of CBDC FAQs, explaining why it is contemplating it now. Given technology improvements ushering in a rush of new private-sector financial goods and services, the Fed believes it is the "appropriate moment" to examine a digital dollar.


CBDCs, according to the bank, might provide a variety of advantages. A digital dollar, for example, might give consumers and businesses a simple, electronic version of central bank money, as well as a platform for entrepreneurs to develop new financial goods and services and promote quicker and cheaper payments.

Lawmakers Critical of Fed’s Progress

US legislators questioned Fed Chair Jerome Powell in January on the pace and status of the Fed's CBDC review, which was set to be released last summer.


Fed Governor Christopher Waller stated last month that he isn't sure that a CBDC is necessary for retail consumers in particular.


"Are we actually in need of it?" That is something I have yet to be persuaded of. It's not to say I couldn't be, but I've never seen that on a retail CBDC."


Tom Emmer, a Minnesota politician, sponsored a measure in January to restrict the Fed from exercising unilateral authority over the US CBDC. The lawmaker wants the central bank to be prohibited from issuing digital dollars to people directly.

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