EUR/USD 1.16437
0.290%
Gold 5199.45
0.146%
Oil 82.676
-3.005%
USD/JPY 157.974
-0.040%
GBP/USD 1.34505
0.250%
GBP/JPY 212.486
0.253%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
March 11 – According to reports, the Taiwan Navys "2026 Goodwill Long-Range Training Flotilla" has set sail for its so-called "diplomatic allies" in Central and South America to carry out "Great Goodwill" missions. Defense Ministry spokesperson Jiang Bin stated that the so-called "goodwill" is merely a pretext for the DPP authorities to "seek independence through foreign influence." The one-China principle is a fundamental norm of international relations and a universal consensus of the international community, serving as the political foundation for Chinas relations with its 183 diplomatic allies. We hope that relevant countries in the region will follow the historical trend and the tide of the times, and make the correct choice that truly conforms to the fundamental and long-term interests of their own people as soon as possible. We solemnly warn the DPP authorities that any form of "Taiwan independence" separatist activities and political manipulation cannot change the fact that Taiwan belongs to China or the international communitys adherence to the one-China principle, and are destined to be futile.March 11th Futures News: On March 11th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 153,311 tons, an increase of 741 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 17,000 tons, an increase of 1,000 tons compared to the previous trading day; 3. Offset paper futures warehouse receipts: 0 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 4,160 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 0 tons, unchanged compared to the previous trading day. The previous trading day saw no change; 6. Petroleum asphalt futures warehouse receipts totaled 24,640 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts totaled 54,110 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts totaled 3,511,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts totaled 26,720 tons, a decrease of 1,910 tons from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts totaled 0 tons, unchanged from the previous trading day.On March 11, Senior Colonel Jiang Bin, Deputy Director of the Information Bureau and Spokesperson of the Ministry of National Defense, issued a statement regarding recent military-related issues. Jiang stated that the United States and Israel, without authorization from the UN Security Council, launched a military strike against Iran during the US-Iran negotiations, seriously violating international law and the basic norms of international relations. China firmly opposes infringements on the sovereignty and security of other countries and opposes the abuse of force and the law of the jungle. We are deeply concerned about the protracted conflict and its spillover effects on neighboring countries. We have always maintained that force is not the correct way to resolve international disputes. Prolonging or even escalating conflicts yields no winners; it will only push the Middle East situation into a dangerous abyss and bring greater disaster to the people of the region. The urgent task is for all parties to immediately cease military operations, return to the track of resolving issues through dialogue and negotiation, and jointly safeguard peace and stability in the Middle East and the world.According to Futures News on March 11, as of 15:00 Beijing time, spot platinum fell 0.67% while spot palladium rose 0.38%.Germanys final CPI month-on-month rate for February was 0.2%, in line with expectations and down from 0.20% previously.

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.

Suggestion