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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Zhongjin: It is expected that the Fed will cut interest rates again in October, but the threshold for rate cuts will become increasingly high.
On September 18, the China International Capital Corporation research report stated that looking ahead, due to excessively weak employment data, we expect the Federal Reserve may cut rates by 25 basis points again in October, but after that, rising inflation will make the threshold for rate cuts increasingly high, and the space for monetary easing will be limited. The crux of the current U.S. economy is not insufficient demand, but rising costs. Excessive monetary easing not only fails to solve the employment problem, but may also exacerbate inflation, pushing the economy into a "quasi-stagflation" dilemma. ( Jin10 )