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August 12th - According to Tianma Microelectronics, Honor officially launched the Honor Robot Phone on August 12th. As a long-term strategic partner of Honor, Tianma Microelectronics exclusively supplied the screen for this model, deeply customizing the Tianma Tiangong screen high-end OLED display solution. This marks the first time the Tiangong screen has been applied to an AI terminal with embody interactive capabilities.On August 12, Bill Adams, chief U.S. economist at Fifth Third Commercial Bank, said: "The July CPI report barely met the threshold that would have prompted the Federal Reserve to keep interest rates unchanged at its next meeting in September. Fed policymakers have already signaled in July that core inflation must improve between now and the September meeting in order to avoid raising interest rates."The document shows that the European Central Bank expects integration to be "challenging and enduring," noting the tensions and disagreements that exist within it.On August 12th, Karen Manna, Head of Fixed Income Investments at Federated Hermes, stated, "This expected CPI report didnt provide enough new information, nor did it give the Fed a compelling reason to change its policy direction. At the same time, the report also means that the possibility of a Fed rate hike in the fourth quarter remains. However, before taking that action, the Fed may need to see more evidence that inflation is accelerating again."On August 12, Chris Zacarelli, chief investment officer of Northlight Asset Management, said: "This CPI report was not surprising. All the data was in line with expectations. The biggest surprise was that inflation did not accelerate again. Coupled with the recent weak jobs report, this gives the Fed more time to wait and see."

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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