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With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

However, the banking industry's pushback against the original proposal has been significant. Financial institutions have been calling for a re-proposal, arguing that the initial plan could hinder their operations and competitiveness. In response, regulators have spent months revising the plan, aiming to strike a balance between ensuring financial stability and maintaining a competitive banking sector.<\/p>\n\n\n\n

While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Banking Industry's Pushback<\/h2>\n\n\n\n

However, the banking industry's pushback against the original proposal has been significant. Financial institutions have been calling for a re-proposal, arguing that the initial plan could hinder their operations and competitiveness. In response, regulators have spent months revising the plan, aiming to strike a balance between ensuring financial stability and maintaining a competitive banking sector.<\/p>\n\n\n\n

While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The journey to this point has been long and complex. In July 2023, the Fed, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, published for comment proposed changes to bank capital rules. These rules were expected to overhaul how larger banks gauge risk and determine appropriate capital holdings.<\/p>\n\n\n\n

Banking Industry's Pushback<\/h2>\n\n\n\n

However, the banking industry's pushback against the original proposal has been significant. Financial institutions have been calling for a re-proposal, arguing that the initial plan could hinder their operations and competitiveness. In response, regulators have spent months revising the plan, aiming to strike a balance between ensuring financial stability and maintaining a competitive banking sector.<\/p>\n\n\n\n

While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

It's worth noting that the Basel III rules have their roots in the aftermath of the 2007-2009 global financial crisis. The crisis, which forced taxpayers to bail out several undercapitalized banks, prompted regulators to implement more robust capital requirements to prevent a similar scenario in the future.<\/p>\n\n\n\n

The journey to this point has been long and complex. In July 2023, the Fed, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, published for comment proposed changes to bank capital rules. These rules were expected to overhaul how larger banks gauge risk and determine appropriate capital holdings.<\/p>\n\n\n\n

Banking Industry's Pushback<\/h2>\n\n\n\n

However, the banking industry's pushback against the original proposal has been significant. Financial institutions have been calling for a re-proposal, arguing that the initial plan could hinder their operations and competitiveness. In response, regulators have spent months revising the plan, aiming to strike a balance between ensuring financial stability and maintaining a competitive banking sector.<\/p>\n\n\n\n

While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards?<\/a><\/p>\n\n\n\n

It's worth noting that the Basel III rules have their roots in the aftermath of the 2007-2009 global financial crisis. The crisis, which forced taxpayers to bail out several undercapitalized banks, prompted regulators to implement more robust capital requirements to prevent a similar scenario in the future.<\/p>\n\n\n\n

The journey to this point has been long and complex. In July 2023, the Fed, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, published for comment proposed changes to bank capital rules. These rules were expected to overhaul how larger banks gauge risk and determine appropriate capital holdings.<\/p>\n\n\n\n

Banking Industry's Pushback<\/h2>\n\n\n\n

However, the banking industry's pushback against the original proposal has been significant. Financial institutions have been calling for a re-proposal, arguing that the initial plan could hinder their operations and competitiveness. In response, regulators have spent months revising the plan, aiming to strike a balance between ensuring financial stability and maintaining a competitive banking sector.<\/p>\n\n\n\n

While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In a move that signals the significance of these changes, Fed Vice Chair Michael Barr is scheduled to preview the regulators' revised proposal next Tuesday at the Hutchins Center on Fiscal & Monetary Policy. This presentation will shed light on the next steps in this crucial regulatory process.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards?<\/a><\/p>\n\n\n\n

It's worth noting that the Basel III rules have their roots in the aftermath of the 2007-2009 global financial crisis. The crisis, which forced taxpayers to bail out several undercapitalized banks, prompted regulators to implement more robust capital requirements to prevent a similar scenario in the future.<\/p>\n\n\n\n

The journey to this point has been long and complex. In July 2023, the Fed, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, published for comment proposed changes to bank capital rules. These rules were expected to overhaul how larger banks gauge risk and determine appropriate capital holdings.<\/p>\n\n\n\n

Banking Industry's Pushback<\/h2>\n\n\n\n

However, the banking industry's pushback against the original proposal has been significant. Financial institutions have been calling for a re-proposal, arguing that the initial plan could hinder their operations and competitiveness. In response, regulators have spent months revising the plan, aiming to strike a balance between ensuring financial stability and maintaining a competitive banking sector.<\/p>\n\n\n\n

While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The revisions don't stop there. The report suggests that the new proposal would also lower the market-risk requirement for the nation's largest lenders. Furthermore, these banking giants may not face as strict requirements around mortgages or tax-equity exposures as initially proposed.<\/p>\n\n\n\n

In a move that signals the significance of these changes, Fed Vice Chair Michael Barr is scheduled to preview the regulators' revised proposal next Tuesday at the Hutchins Center on Fiscal & Monetary Policy. This presentation will shed light on the next steps in this crucial regulatory process.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards?<\/a><\/p>\n\n\n\n

It's worth noting that the Basel III rules have their roots in the aftermath of the 2007-2009 global financial crisis. The crisis, which forced taxpayers to bail out several undercapitalized banks, prompted regulators to implement more robust capital requirements to prevent a similar scenario in the future.<\/p>\n\n\n\n

The journey to this point has been long and complex. In July 2023, the Fed, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, published for comment proposed changes to bank capital rules. These rules were expected to overhaul how larger banks gauge risk and determine appropriate capital holdings.<\/p>\n\n\n\n

Banking Industry's Pushback<\/h2>\n\n\n\n

However, the banking industry's pushback against the original proposal has been significant. Financial institutions have been calling for a re-proposal, arguing that the initial plan could hinder their operations and competitiveness. In response, regulators have spent months revising the plan, aiming to strike a balance between ensuring financial stability and maintaining a competitive banking sector.<\/p>\n\n\n\n

While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This development comes as welcome news to the banking sector, which has been vocal in its opposition to the original \"Basel III Endgame\" proposal. The initial plan, which aimed to increase capital requirements for larger banks, faced fierce resistance from financial institutions arguing that it could hamper their ability to lend and compete globally.<\/p>\n\n\n\n

The revisions don't stop there. The report suggests that the new proposal would also lower the market-risk requirement for the nation's largest lenders. Furthermore, these banking giants may not face as strict requirements around mortgages or tax-equity exposures as initially proposed.<\/p>\n\n\n\n

In a move that signals the significance of these changes, Fed Vice Chair Michael Barr is scheduled to preview the regulators' revised proposal next Tuesday at the Hutchins Center on Fiscal & Monetary Policy. This presentation will shed light on the next steps in this crucial regulatory process.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards?<\/a><\/p>\n\n\n\n

It's worth noting that the Basel III rules have their roots in the aftermath of the 2007-2009 global financial crisis. The crisis, which forced taxpayers to bail out several undercapitalized banks, prompted regulators to implement more robust capital requirements to prevent a similar scenario in the future.<\/p>\n\n\n\n

The journey to this point has been long and complex. In July 2023, the Fed, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, published for comment proposed changes to bank capital rules. These rules were expected to overhaul how larger banks gauge risk and determine appropriate capital holdings.<\/p>\n\n\n\n

Banking Industry's Pushback<\/h2>\n\n\n\n

However, the banking industry's pushback against the original proposal has been significant. Financial institutions have been calling for a re-proposal, arguing that the initial plan could hinder their operations and competitiveness. In response, regulators have spent months revising the plan, aiming to strike a balance between ensuring financial stability and maintaining a competitive banking sector.<\/p>\n\n\n\n

While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The revised proposal, which could stretch to 450 pages, is expected to introduce key modifications to rules centered on operational risk provisions. As reported by Bloomberg, one of the most notable changes is a potential reduction in the capital that banks must allocate against certain business lines, including wealth-management services and specific credit-card operations.<\/p>\n\n\n\n

This development comes as welcome news to the banking sector, which has been vocal in its opposition to the original \"Basel III Endgame\" proposal. The initial plan, which aimed to increase capital requirements for larger banks, faced fierce resistance from financial institutions arguing that it could hamper their ability to lend and compete globally.<\/p>\n\n\n\n

The revisions don't stop there. The report suggests that the new proposal would also lower the market-risk requirement for the nation's largest lenders. Furthermore, these banking giants may not face as strict requirements around mortgages or tax-equity exposures as initially proposed.<\/p>\n\n\n\n

In a move that signals the significance of these changes, Fed Vice Chair Michael Barr is scheduled to preview the regulators' revised proposal next Tuesday at the Hutchins Center on Fiscal & Monetary Policy. This presentation will shed light on the next steps in this crucial regulatory process.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards?<\/a><\/p>\n\n\n\n

It's worth noting that the Basel III rules have their roots in the aftermath of the 2007-2009 global financial crisis. The crisis, which forced taxpayers to bail out several undercapitalized banks, prompted regulators to implement more robust capital requirements to prevent a similar scenario in the future.<\/p>\n\n\n\n

The journey to this point has been long and complex. In July 2023, the Fed, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, published for comment proposed changes to bank capital rules. These rules were expected to overhaul how larger banks gauge risk and determine appropriate capital holdings.<\/p>\n\n\n\n

Banking Industry's Pushback<\/h2>\n\n\n\n

However, the banking industry's pushback against the original proposal has been significant. Financial institutions have been calling for a re-proposal, arguing that the initial plan could hinder their operations and competitiveness. In response, regulators have spent months revising the plan, aiming to strike a balance between ensuring financial stability and maintaining a competitive banking sector.<\/p>\n\n\n\n

While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In a move that could significantly reshape the landscape of American banking, U.S. regulators are poised to unveil sweeping changes to proposed bank capital rules. According to a report by Reuters, citing Bloomberg News, the Federal Reserve<\/a> and other regulatory bodies are set to release a revised proposal as soon as September 19th, potentially easing some of the stringent requirements initially put forth.<\/p>\n\n\n\n

The revised proposal, which could stretch to 450 pages, is expected to introduce key modifications to rules centered on operational risk provisions. As reported by Bloomberg, one of the most notable changes is a potential reduction in the capital that banks must allocate against certain business lines, including wealth-management services and specific credit-card operations.<\/p>\n\n\n\n

This development comes as welcome news to the banking sector, which has been vocal in its opposition to the original \"Basel III Endgame\" proposal. The initial plan, which aimed to increase capital requirements for larger banks, faced fierce resistance from financial institutions arguing that it could hamper their ability to lend and compete globally.<\/p>\n\n\n\n

The revisions don't stop there. The report suggests that the new proposal would also lower the market-risk requirement for the nation's largest lenders. Furthermore, these banking giants may not face as strict requirements around mortgages or tax-equity exposures as initially proposed.<\/p>\n\n\n\n

In a move that signals the significance of these changes, Fed Vice Chair Michael Barr is scheduled to preview the regulators' revised proposal next Tuesday at the Hutchins Center on Fiscal & Monetary Policy. This presentation will shed light on the next steps in this crucial regulatory process.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards?<\/a><\/p>\n\n\n\n

It's worth noting that the Basel III rules have their roots in the aftermath of the 2007-2009 global financial crisis. The crisis, which forced taxpayers to bail out several undercapitalized banks, prompted regulators to implement more robust capital requirements to prevent a similar scenario in the future.<\/p>\n\n\n\n

The journey to this point has been long and complex. In July 2023, the Fed, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, published for comment proposed changes to bank capital rules. These rules were expected to overhaul how larger banks gauge risk and determine appropriate capital holdings.<\/p>\n\n\n\n

Banking Industry's Pushback<\/h2>\n\n\n\n

However, the banking industry's pushback against the original proposal has been significant. Financial institutions have been calling for a re-proposal, arguing that the initial plan could hinder their operations and competitiveness. In response, regulators have spent months revising the plan, aiming to strike a balance between ensuring financial stability and maintaining a competitive banking sector.<\/p>\n\n\n\n

While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Investors and policymakers alike will be closely monitoring how these interconnected factors unfold, potentially reshaping the global economic landscape in the latter half of 2024 and beyond. The coming weeks may prove crucial in determining whether the Fed's anticipated rate cut can stimulate growth without reigniting inflationary pressures, all while navigating the complex terrain of international economic relations and domestic political uncertainties.<\/p>\n","post_title":"Fed Poised For Rate Cut Amid Global Economic Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fed-poised-for-rate-cut-amid-global-economic-shifts","to_ping":"","pinged":"","post_modified":"2024-09-19 03:56:00","post_modified_gmt":"2024-09-18 17:56:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18595,"post_author":"18","post_date":"2024-09-14 00:40:20","post_date_gmt":"2024-09-13 14:40:20","post_content":"\n

In a move that could significantly reshape the landscape of American banking, U.S. regulators are poised to unveil sweeping changes to proposed bank capital rules. According to a report by Reuters, citing Bloomberg News, the Federal Reserve<\/a> and other regulatory bodies are set to release a revised proposal as soon as September 19th, potentially easing some of the stringent requirements initially put forth.<\/p>\n\n\n\n

The revised proposal, which could stretch to 450 pages, is expected to introduce key modifications to rules centered on operational risk provisions. As reported by Bloomberg, one of the most notable changes is a potential reduction in the capital that banks must allocate against certain business lines, including wealth-management services and specific credit-card operations.<\/p>\n\n\n\n

This development comes as welcome news to the banking sector, which has been vocal in its opposition to the original \"Basel III Endgame\" proposal. The initial plan, which aimed to increase capital requirements for larger banks, faced fierce resistance from financial institutions arguing that it could hamper their ability to lend and compete globally.<\/p>\n\n\n\n

The revisions don't stop there. The report suggests that the new proposal would also lower the market-risk requirement for the nation's largest lenders. Furthermore, these banking giants may not face as strict requirements around mortgages or tax-equity exposures as initially proposed.<\/p>\n\n\n\n

In a move that signals the significance of these changes, Fed Vice Chair Michael Barr is scheduled to preview the regulators' revised proposal next Tuesday at the Hutchins Center on Fiscal & Monetary Policy. This presentation will shed light on the next steps in this crucial regulatory process.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards?<\/a><\/p>\n\n\n\n

It's worth noting that the Basel III rules have their roots in the aftermath of the 2007-2009 global financial crisis. The crisis, which forced taxpayers to bail out several undercapitalized banks, prompted regulators to implement more robust capital requirements to prevent a similar scenario in the future.<\/p>\n\n\n\n

The journey to this point has been long and complex. In July 2023, the Fed, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, published for comment proposed changes to bank capital rules. These rules were expected to overhaul how larger banks gauge risk and determine appropriate capital holdings.<\/p>\n\n\n\n

Banking Industry's Pushback<\/h2>\n\n\n\n

However, the banking industry's pushback against the original proposal has been significant. Financial institutions have been calling for a re-proposal, arguing that the initial plan could hinder their operations and competitiveness. In response, regulators have spent months revising the plan, aiming to strike a balance between ensuring financial stability and maintaining a competitive banking sector.<\/p>\n\n\n\n

While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

As the Fed prepares to move, market watchers are keenly awaiting the ripple effects across global economies. The interplay between monetary policy, geopolitical events, and economic indicators will likely shape market trajectories in the coming months. The Fed's decision this week could set the tone for global monetary policy, potentially influencing central bank decisions worldwide. Moreover, China's economic challenges present a wildcard that could significantly impact global growth prospects.<\/p>\n\n\n\n

Investors and policymakers alike will be closely monitoring how these interconnected factors unfold, potentially reshaping the global economic landscape in the latter half of 2024 and beyond. The coming weeks may prove crucial in determining whether the Fed's anticipated rate cut can stimulate growth without reigniting inflationary pressures, all while navigating the complex terrain of international economic relations and domestic political uncertainties.<\/p>\n","post_title":"Fed Poised For Rate Cut Amid Global Economic Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fed-poised-for-rate-cut-amid-global-economic-shifts","to_ping":"","pinged":"","post_modified":"2024-09-19 03:56:00","post_modified_gmt":"2024-09-18 17:56:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18595,"post_author":"18","post_date":"2024-09-14 00:40:20","post_date_gmt":"2024-09-13 14:40:20","post_content":"\n

In a move that could significantly reshape the landscape of American banking, U.S. regulators are poised to unveil sweeping changes to proposed bank capital rules. According to a report by Reuters, citing Bloomberg News, the Federal Reserve<\/a> and other regulatory bodies are set to release a revised proposal as soon as September 19th, potentially easing some of the stringent requirements initially put forth.<\/p>\n\n\n\n

The revised proposal, which could stretch to 450 pages, is expected to introduce key modifications to rules centered on operational risk provisions. As reported by Bloomberg, one of the most notable changes is a potential reduction in the capital that banks must allocate against certain business lines, including wealth-management services and specific credit-card operations.<\/p>\n\n\n\n

This development comes as welcome news to the banking sector, which has been vocal in its opposition to the original \"Basel III Endgame\" proposal. The initial plan, which aimed to increase capital requirements for larger banks, faced fierce resistance from financial institutions arguing that it could hamper their ability to lend and compete globally.<\/p>\n\n\n\n

The revisions don't stop there. The report suggests that the new proposal would also lower the market-risk requirement for the nation's largest lenders. Furthermore, these banking giants may not face as strict requirements around mortgages or tax-equity exposures as initially proposed.<\/p>\n\n\n\n

In a move that signals the significance of these changes, Fed Vice Chair Michael Barr is scheduled to preview the regulators' revised proposal next Tuesday at the Hutchins Center on Fiscal & Monetary Policy. This presentation will shed light on the next steps in this crucial regulatory process.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards?<\/a><\/p>\n\n\n\n

It's worth noting that the Basel III rules have their roots in the aftermath of the 2007-2009 global financial crisis. The crisis, which forced taxpayers to bail out several undercapitalized banks, prompted regulators to implement more robust capital requirements to prevent a similar scenario in the future.<\/p>\n\n\n\n

The journey to this point has been long and complex. In July 2023, the Fed, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, published for comment proposed changes to bank capital rules. These rules were expected to overhaul how larger banks gauge risk and determine appropriate capital holdings.<\/p>\n\n\n\n

Banking Industry's Pushback<\/h2>\n\n\n\n

However, the banking industry's pushback against the original proposal has been significant. Financial institutions have been calling for a re-proposal, arguing that the initial plan could hinder their operations and competitiveness. In response, regulators have spent months revising the plan, aiming to strike a balance between ensuring financial stability and maintaining a competitive banking sector.<\/p>\n\n\n\n

While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Adding to the complex economic landscape, the FBI reported a second failed assassination attempt on Republican presidential candidate Donald Trump. This development comes as Trump trails Democratic candidate Kamala Harris in betting markets following their recent TV debate, further complicating the political and economic outlook.<\/p>\n\n\n\n

As the Fed prepares to move, market watchers are keenly awaiting the ripple effects across global economies. The interplay between monetary policy, geopolitical events, and economic indicators will likely shape market trajectories in the coming months. The Fed's decision this week could set the tone for global monetary policy, potentially influencing central bank decisions worldwide. Moreover, China's economic challenges present a wildcard that could significantly impact global growth prospects.<\/p>\n\n\n\n

Investors and policymakers alike will be closely monitoring how these interconnected factors unfold, potentially reshaping the global economic landscape in the latter half of 2024 and beyond. The coming weeks may prove crucial in determining whether the Fed's anticipated rate cut can stimulate growth without reigniting inflationary pressures, all while navigating the complex terrain of international economic relations and domestic political uncertainties.<\/p>\n","post_title":"Fed Poised For Rate Cut Amid Global Economic Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fed-poised-for-rate-cut-amid-global-economic-shifts","to_ping":"","pinged":"","post_modified":"2024-09-19 03:56:00","post_modified_gmt":"2024-09-18 17:56:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18595,"post_author":"18","post_date":"2024-09-14 00:40:20","post_date_gmt":"2024-09-13 14:40:20","post_content":"\n

In a move that could significantly reshape the landscape of American banking, U.S. regulators are poised to unveil sweeping changes to proposed bank capital rules. According to a report by Reuters, citing Bloomberg News, the Federal Reserve<\/a> and other regulatory bodies are set to release a revised proposal as soon as September 19th, potentially easing some of the stringent requirements initially put forth.<\/p>\n\n\n\n

The revised proposal, which could stretch to 450 pages, is expected to introduce key modifications to rules centered on operational risk provisions. As reported by Bloomberg, one of the most notable changes is a potential reduction in the capital that banks must allocate against certain business lines, including wealth-management services and specific credit-card operations.<\/p>\n\n\n\n

This development comes as welcome news to the banking sector, which has been vocal in its opposition to the original \"Basel III Endgame\" proposal. The initial plan, which aimed to increase capital requirements for larger banks, faced fierce resistance from financial institutions arguing that it could hamper their ability to lend and compete globally.<\/p>\n\n\n\n

The revisions don't stop there. The report suggests that the new proposal would also lower the market-risk requirement for the nation's largest lenders. Furthermore, these banking giants may not face as strict requirements around mortgages or tax-equity exposures as initially proposed.<\/p>\n\n\n\n

In a move that signals the significance of these changes, Fed Vice Chair Michael Barr is scheduled to preview the regulators' revised proposal next Tuesday at the Hutchins Center on Fiscal & Monetary Policy. This presentation will shed light on the next steps in this crucial regulatory process.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards?<\/a><\/p>\n\n\n\n

It's worth noting that the Basel III rules have their roots in the aftermath of the 2007-2009 global financial crisis. The crisis, which forced taxpayers to bail out several undercapitalized banks, prompted regulators to implement more robust capital requirements to prevent a similar scenario in the future.<\/p>\n\n\n\n

The journey to this point has been long and complex. In July 2023, the Fed, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, published for comment proposed changes to bank capital rules. These rules were expected to overhaul how larger banks gauge risk and determine appropriate capital holdings.<\/p>\n\n\n\n

Banking Industry's Pushback<\/h2>\n\n\n\n

However, the banking industry's pushback against the original proposal has been significant. Financial institutions have been calling for a re-proposal, arguing that the initial plan could hinder their operations and competitiveness. In response, regulators have spent months revising the plan, aiming to strike a balance between ensuring financial stability and maintaining a competitive banking sector.<\/p>\n\n\n\n

While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 … 6

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"\"<\/figure>\n\n\n\n

Adding to the complex economic landscape, the FBI reported a second failed assassination attempt on Republican presidential candidate Donald Trump. This development comes as Trump trails Democratic candidate Kamala Harris in betting markets following their recent TV debate, further complicating the political and economic outlook.<\/p>\n\n\n\n

As the Fed prepares to move, market watchers are keenly awaiting the ripple effects across global economies. The interplay between monetary policy, geopolitical events, and economic indicators will likely shape market trajectories in the coming months. The Fed's decision this week could set the tone for global monetary policy, potentially influencing central bank decisions worldwide. Moreover, China's economic challenges present a wildcard that could significantly impact global growth prospects.<\/p>\n\n\n\n

Investors and policymakers alike will be closely monitoring how these interconnected factors unfold, potentially reshaping the global economic landscape in the latter half of 2024 and beyond. The coming weeks may prove crucial in determining whether the Fed's anticipated rate cut can stimulate growth without reigniting inflationary pressures, all while navigating the complex terrain of international economic relations and domestic political uncertainties.<\/p>\n","post_title":"Fed Poised For Rate Cut Amid Global Economic Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fed-poised-for-rate-cut-amid-global-economic-shifts","to_ping":"","pinged":"","post_modified":"2024-09-19 03:56:00","post_modified_gmt":"2024-09-18 17:56:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18595,"post_author":"18","post_date":"2024-09-14 00:40:20","post_date_gmt":"2024-09-13 14:40:20","post_content":"\n

In a move that could significantly reshape the landscape of American banking, U.S. regulators are poised to unveil sweeping changes to proposed bank capital rules. According to a report by Reuters, citing Bloomberg News, the Federal Reserve<\/a> and other regulatory bodies are set to release a revised proposal as soon as September 19th, potentially easing some of the stringent requirements initially put forth.<\/p>\n\n\n\n

The revised proposal, which could stretch to 450 pages, is expected to introduce key modifications to rules centered on operational risk provisions. As reported by Bloomberg, one of the most notable changes is a potential reduction in the capital that banks must allocate against certain business lines, including wealth-management services and specific credit-card operations.<\/p>\n\n\n\n

This development comes as welcome news to the banking sector, which has been vocal in its opposition to the original \"Basel III Endgame\" proposal. The initial plan, which aimed to increase capital requirements for larger banks, faced fierce resistance from financial institutions arguing that it could hamper their ability to lend and compete globally.<\/p>\n\n\n\n

The revisions don't stop there. The report suggests that the new proposal would also lower the market-risk requirement for the nation's largest lenders. Furthermore, these banking giants may not face as strict requirements around mortgages or tax-equity exposures as initially proposed.<\/p>\n\n\n\n

In a move that signals the significance of these changes, Fed Vice Chair Michael Barr is scheduled to preview the regulators' revised proposal next Tuesday at the Hutchins Center on Fiscal & Monetary Policy. This presentation will shed light on the next steps in this crucial regulatory process.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards?<\/a><\/p>\n\n\n\n

It's worth noting that the Basel III rules have their roots in the aftermath of the 2007-2009 global financial crisis. The crisis, which forced taxpayers to bail out several undercapitalized banks, prompted regulators to implement more robust capital requirements to prevent a similar scenario in the future.<\/p>\n\n\n\n

The journey to this point has been long and complex. In July 2023, the Fed, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, published for comment proposed changes to bank capital rules. These rules were expected to overhaul how larger banks gauge risk and determine appropriate capital holdings.<\/p>\n\n\n\n

Banking Industry's Pushback<\/h2>\n\n\n\n

However, the banking industry's pushback against the original proposal has been significant. Financial institutions have been calling for a re-proposal, arguing that the initial plan could hinder their operations and competitiveness. In response, regulators have spent months revising the plan, aiming to strike a balance between ensuring financial stability and maintaining a competitive banking sector.<\/p>\n\n\n\n

While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Perhaps most alarmingly, new home prices fell at the fastest pace in over nine years, underscoring the ongoing property market crisis. These indicators highlight the growing need for substantial government stimulus, which has been notably absent thus far.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Adding to the complex economic landscape, the FBI reported a second failed assassination attempt on Republican presidential candidate Donald Trump. This development comes as Trump trails Democratic candidate Kamala Harris in betting markets following their recent TV debate, further complicating the political and economic outlook.<\/p>\n\n\n\n

As the Fed prepares to move, market watchers are keenly awaiting the ripple effects across global economies. The interplay between monetary policy, geopolitical events, and economic indicators will likely shape market trajectories in the coming months. The Fed's decision this week could set the tone for global monetary policy, potentially influencing central bank decisions worldwide. Moreover, China's economic challenges present a wildcard that could significantly impact global growth prospects.<\/p>\n\n\n\n

Investors and policymakers alike will be closely monitoring how these interconnected factors unfold, potentially reshaping the global economic landscape in the latter half of 2024 and beyond. The coming weeks may prove crucial in determining whether the Fed's anticipated rate cut can stimulate growth without reigniting inflationary pressures, all while navigating the complex terrain of international economic relations and domestic political uncertainties.<\/p>\n","post_title":"Fed Poised For Rate Cut Amid Global Economic Shifts","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fed-poised-for-rate-cut-amid-global-economic-shifts","to_ping":"","pinged":"","post_modified":"2024-09-19 03:56:00","post_modified_gmt":"2024-09-18 17:56:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18595,"post_author":"18","post_date":"2024-09-14 00:40:20","post_date_gmt":"2024-09-13 14:40:20","post_content":"\n

In a move that could significantly reshape the landscape of American banking, U.S. regulators are poised to unveil sweeping changes to proposed bank capital rules. According to a report by Reuters, citing Bloomberg News, the Federal Reserve<\/a> and other regulatory bodies are set to release a revised proposal as soon as September 19th, potentially easing some of the stringent requirements initially put forth.<\/p>\n\n\n\n

The revised proposal, which could stretch to 450 pages, is expected to introduce key modifications to rules centered on operational risk provisions. As reported by Bloomberg, one of the most notable changes is a potential reduction in the capital that banks must allocate against certain business lines, including wealth-management services and specific credit-card operations.<\/p>\n\n\n\n

This development comes as welcome news to the banking sector, which has been vocal in its opposition to the original \"Basel III Endgame\" proposal. The initial plan, which aimed to increase capital requirements for larger banks, faced fierce resistance from financial institutions arguing that it could hamper their ability to lend and compete globally.<\/p>\n\n\n\n

The revisions don't stop there. The report suggests that the new proposal would also lower the market-risk requirement for the nation's largest lenders. Furthermore, these banking giants may not face as strict requirements around mortgages or tax-equity exposures as initially proposed.<\/p>\n\n\n\n

In a move that signals the significance of these changes, Fed Vice Chair Michael Barr is scheduled to preview the regulators' revised proposal next Tuesday at the Hutchins Center on Fiscal & Monetary Policy. This presentation will shed light on the next steps in this crucial regulatory process.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Have Goldman Sachs Analysts Become Overly Optimistic By Revising Their Year-End S&P 500 Index Target Upwards?<\/a><\/p>\n\n\n\n

It's worth noting that the Basel III rules have their roots in the aftermath of the 2007-2009 global financial crisis. The crisis, which forced taxpayers to bail out several undercapitalized banks, prompted regulators to implement more robust capital requirements to prevent a similar scenario in the future.<\/p>\n\n\n\n

The journey to this point has been long and complex. In July 2023, the Fed, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, published for comment proposed changes to bank capital rules. These rules were expected to overhaul how larger banks gauge risk and determine appropriate capital holdings.<\/p>\n\n\n\n

Banking Industry's Pushback<\/h2>\n\n\n\n

However, the banking industry's pushback against the original proposal has been significant. Financial institutions have been calling for a re-proposal, arguing that the initial plan could hinder their operations and competitiveness. In response, regulators have spent months revising the plan, aiming to strike a balance between ensuring financial stability and maintaining a competitive banking sector.<\/p>\n\n\n\n

While the Fed has declined to comment on the Bloomberg report, and the FDIC and the Office of the Comptroller of the Currency have yet to respond to requests for comment, the anticipation in the financial sector is palpable.<\/p>\n\n\n\n

As we look ahead, these proposed revisions could mark a turning point in the ongoing debate over bank regulation in the United States. If implemented, they could potentially alleviate some of the pressure on larger financial institutions while still maintaining robust safeguards against systemic risk.<\/p>\n\n\n\n

However, questions remain about the long-term implications of these changes. Will they strike the right balance between financial stability and economic growth? How will they impact the competitiveness of U.S. banks on the global stage? And perhaps most importantly, will they provide sufficient protection against future financial crises?<\/p>\n\n\n\n

As the September 19th date approaches, all eyes will be on U.S. regulators. Their decisions in the coming weeks could shape the future of American banking for years to come, influencing everything from lending practices to investment strategies. For investors, policymakers, and everyday Americans alike, the stakes couldn't be higher.<\/p>\n","post_title":"US Regulators Set To Unveil Major Changes To Bank Capital Rules","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-regulators-set-to-unveil-major-changes-to-bank-capital-rules","to_ping":"","pinged":"","post_modified":"2024-09-14 00:40:27","post_modified_gmt":"2024-09-13 14:40:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18595","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17736,"post_author":"15","post_date":"2024-07-09 21:59:22","post_date_gmt":"2024-07-09 11:59:22","post_content":"\n

The President of the Central Bank of the Republic of China shared <\/a>that developing a central bank digital currency (CBDC) is not a race. Instead, the central bank should prioritize steady progress over speed.<\/p>\n\n\n\n

President Yang Jinlong highlighted that being the first to launch a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not achieved the expected outcomes.<\/p>\n\n\n\n

Yang stated that the central bank is experimenting with three scenarios to boost domestic payment efficiency and innovation. There is no set timeline for issuing a CBDC but efforts to enhance and innovativate are ongoing.<\/p>\n\n\n\n

One notable development is the CBDC prototype platform designed for retail payments. Yang mentioned that this platform could handle the cash flow operation of digital coupons, with transaction speeds reaching 20,000 transactions per second.<\/p>\n\n\n\n

See Related: <\/em><\/strong>The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future<\/a><\/p>\n\n\n\n

Yang reiterated that Taiwan\u2019s cautious approach to issuing a CBDC is meant to meet public digital payment needs and align with government digital policy goals, ensuring significant benefits.<\/p>\n\n\n\n

In March, the Financial Supervisory Commission announced plans to propose new digital asset regulations for Taiwan by September 2024, aiming to create more effective regulations for digital asset markets and ensure investor safety.<\/p>\n\n\n\n

North Carolina Vetoed The CBDC Ban Bill<\/h2>\n\n\n\n

North Carolina Governor Roy Cooper has rejected <\/a>a bill banning the state from using a US Federal Reserve-issued CBDC. The bill had strong support from the state\u2019s House of Representatives and Senate with a vote of 109-4 and 39-5 respectively.<\/p>\n\n\n\n

Governor Cooper is criticized for deciding without putting \u201cpartisan politics aside\u201d. The bill is said to benefit all North Carolina residents, but the Governor believes that the bill was too \u201cpremature, vague, and reactionary\u201d to be signed into law.<\/p>\n\n\n\n

Since the vote was more than three-fifths majority in both chambers, the North Carolina legislators could override Governor Cooper's veto. <\/p>\n","post_title":"Taiwan's Central Bank Focuses On Slow And Steady Development Of CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"taiwans-central-bank-focuses-on-slow-and-steady-development-of-cbdc","to_ping":"","pinged":"","post_modified":"2024-07-09 21:59:28","post_modified_gmt":"2024-07-09 11:59:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17736","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17676,"post_author":"14","post_date":"2024-07-04 20:33:10","post_date_gmt":"2024-07-04 10:33:10","post_content":"\n

Wall Street's main stock indexes rose on Tuesday, driven by gains in Tesla shares and mega-cap growth stocks. However, trading volumes were thin ahead of the July Fourth holiday and the highly anticipated release of June nonfarm payrolls on Friday.<\/p>\n\n\n\n

Shares of Tesla surged 8.8% to their highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, pushing the consumer discretionary sector to the top of the S&P 500 sector indexes.<\/p>\n\n\n\n

Positive information is that the U.S. Federal Reserve Chairman Jerome Powell said this Tuesday that recent economic data represented \"significant progress.\" However, he warned that the Fed needed to see more before changing its monetary policy.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Dogecoin To Be Accepted As Payment At Tesla Superchargers<\/a><\/p>\n\n\n\n

Economic Weakness And Central Bank<\/h2>\n\n\n\n

Meanwhile, Chicago Fed President Austan Goolsbee said that he sees some signs of economic weakness and that the central bank's goal is to get inflation down without stressing the labor market. However, Genter Capital Management CEO Dan Genter said<\/a>:<\/p>\n\n\n\n

\"What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation. The recent moderation in inflation should be a green light for the Fed to start considering rate cuts.\"<\/em><\/p>\n\n\n\n

The Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings in May, following significant declines over the previous two months. However, layoffs also rose amid a slowdown in economic activity.<\/p>\n\n\n\n

This data marks the beginning of this week's series of U.S. jobs reports, culminating in the highly anticipated release of June nonfarm payrolls on Friday. These reports will be crucial for investors in determining whether the U.S. labor market remains robust despite the high interest rates.<\/p>\n\n\n\n

With recent data indicating a renewed moderation in inflation and some signs of economic weakness, market participants are maintaining their expectations of approximately two interest rate cuts by year-end. According to LSEG's FedWatch data, there is a 69% probability of easing beginning in September.<\/p>\n\n\n\n

Investors are currently divided over the sustainability of the market rally in which the S&P 500 index has risen 14.75% in the first half of the year but according to Barry Bannister, chief U.S. equity strategist at Stifel, the S&P 500 could correct to 4,750 points by the end of third quarter.<\/p>\n","post_title":"Tesla Gains Boosted Wall Street's Main Stock Indexes. Interest Rates Outlook And Job Report Remain In Focus","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tesla-gains-boosted-wall-streets-main-stock-indexes-interest-rates-outlook-and-job-report-remain-in-focus","to_ping":"","pinged":"","post_modified":"2024-07-04 20:33:13","post_modified_gmt":"2024-07-04 10:33:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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