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The US manufacturing sector recorded a strong recovery as the July ISM Purchasing Managers' Index (PMI) jumped to 55.6, marking the highest level since May 2022. The figure beat market expectations of 54.0, driven by businesses' actions to advance orders to avoid supply disruptions following the US-Israeli and Iran wars.
The increase in factory...
New York Federal Reserve President John Williams expressed optimism that inflation in the United States will gradually ease in the second half of this year. However, he warned sternly that the central bank will not hesitate to raise interest rates if price pressures fail to move towards its 2% target.
The statement came after the FOMC meeting l...
Japan's Finance Ministry confirmed the implementation of a large-scale foreign exchange market intervention operation with the US Treasury last Friday. The rare drastic step is aimed at curbing sharp fluctuations in the Yen currency, which had previously fallen to a four-decade low of around 163.73 against the US Dollar.
Following the intervent...
The Richer They Become, The Less They Need To Show It
Have you ever looked at your neighborhood and assumed you knew who was wealthy?
Maybe it was the person driving a brand-new luxury SUV.
Maybe it was the neighbor wearing an expensive watch, posting luxury vacations, or constantly talking about their latest purchases.
But what i...
The biggest moment for XRP investors in years may be happening right now.
For anyone holding XRP, Bitcoin, Ethereum, or other cryptocurrencies, this could become one of the most important periods in the history of the crypto market.
But why?
The answer is simple: regulation.
A major crypto legisla...