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The Boeing 737 MAX 10 has entered the next phase of flight testing by the U.S. Federal Aviation Administration (FAA).January 9th, Futures.com analysts latest view: WTI crude oil futures fell slightly in recent intraday trading, part of a natural profit-taking move after a series of strong rallies, aimed at rebuilding the necessary upward momentum to help it break through the stubborn resistance level of $58.70. This decline was accompanied by a reduction in some clearly overbought conditions on the Relative Strength Index (RSI), particularly with the appearance of a negative overlap signal, reflecting a temporary cooling of momentum. Previously, the price broke through the negative resistance of the EMA50, which leaves the possibility of a resumption of upward movement in the short term still present.January 9th, Futures News: Economies.com analysts latest view: International spot gold fluctuated in recent intraday trading, with prices retreating after a rapid profit-taking following previous gains. Previously, gold prices rebounded from support at the 50-day moving average (EMA50), which provided technical support for a resumption of upward movement. Despite current price volatility, the main upward trend remains dominant in the short term, with prices fluctuating along the support line of this trendline. Furthermore, the Relative Strength Index (RSI) is also giving positive signals. Therefore, despite current price fluctuations, further gains are possible in the short term.On January 9th, Nomura economists wrote in a report that the Bank of Thailand (BHT) may cut its policy rate by 25 basis points in February. The upcoming general election and constitutional referendum in Thailand in February have exacerbated political uncertainty and are expected to put pressure on economic growth. "We believe deflation is widening, signaled by a sharp decline in nominal GDP growth, which could soon turn negative even without a major shock." Given the weakening economy, the BHT is likely to pay closer attention to the risk of deflation. The central bank has already left room for further easing, stating in December that it is prepared to adjust policy based on changes in the economic and inflation outlook.On January 9th, the Peoples Daily published a prominent commentary on its front page, authored by Zhong Caiping, entitled "Leveraging the Integrated Effect of Policies to Enhance the Effectiveness of Macroeconomic Governance." The article points out the need to strengthen the consistency and effectiveness of macroeconomic policy orientation and to implement a comprehensive set of macroeconomic control measures. Currently, my countrys economic environment is becoming increasingly complex, with more and more dilemmas and even multiple challenges in economic work, leading to a greater demand for policies. The more policies there are, the greater the risk of them conflicting with each other. Past economic practices have also seen problems such as the "fallacy of composition" caused by inconsistent policy orientations, which not only cause policy effects to cancel each other out but also affect market expectations. As the toolbox for macroeconomic governance becomes increasingly comprehensive, the need to strengthen policy coordination, enhance consistency, and prevent and resolve the "fallacy of composition" or "fallacy of decomposition" is becoming more prominent. Enhancing the consistency and effectiveness of macroeconomic policy orientation requires strengthening a systemic perspective, incorporating economic and non-economic policies, existing and new policies into the assessment of macroeconomic policy orientation consistency, strengthening the coordination between fiscal and financial policies, and between reform measures and macroeconomic policies, to ensure that all policies and measures work in the same direction and form a synergy.

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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