Investment Learning

  • August 18, 2024

Wall Street Awaits Fed Chair Powell’s Speech at Jackson Hole

According to BlockBeats, market data on August 19 indicates that Wall Street is betting on Federal Reserve Chair Jerome Powell confirming an imminent rate cut at the Jackson Hole annual meeting. However, as the focus shifts from 'whether there will be a rate cut' to 'how much the rate cut will be,' stock traders might face disappointment.Steward Partners Global Advisory's Managing Director Eric Beiley stated, 'If traders hear about an imminent rate cut, the stock market will react positively. If they don't hear the desired information, it could trigger a massive sell-off.' The market fully expects the Federal Reserve to begin rate cuts at the September meeting. However, Powell's speech on Friday could easily keep the timing of the rate cuts under wraps. Given his cautious nature, he might reveal the extent of rate cuts in a vague manner after the Fed completes its easing measures. 'The market is confident that rate cuts are imminent,' Beiley added. If Powell does not emphasize this as the future path, it will be a significant surprise.

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  • August 18, 2024

Harris Proposes Tax Cuts and Affordable Housing in Economic Plan

According to Odaily, U.S. Vice President Kamala Harris recently outlined proposals aimed at reducing taxes for most Americans, banning grocery price gouging, and constructing more affordable housing. These measures are part of her 'Opportunity Economy' plan, which she intends to implement if elected to the White House. In her first major economic speech as the Democratic presidential nominee, Harris pledged to introduce a new child tax credit of up to $6,000 for families with young children, reduce taxes for families with children, and lower prescription drug costs. Harris also called for the construction of 3 million new homes over four years and proposed tax incentives for builders who construct homes for first-time buyers. Speaking to supporters at a rally in North Carolina, Harris stated that while the U.S. economy is strong, prices remain too high. She emphasized that, if elected president, her primary focus would be on the middle class. 'I firmly believe that when the middle class is strong, America is strong,' she said.

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  • August 18, 2024

Better Markets CEO: SEC Likely To Win Ripple Lawsuit

According to PANews, Dennis Kelleher, President and CEO of the nonprofit organization Better Markets, which aims to create a safer financial system for Americans, has stated that the U.S. Securities and Exchange Commission (SEC) has a 90% chance of winning its lawsuit against Ripple over XRP. Kelleher criticized the court's ruling, arguing that the judge in the Ripple case misapplied the law.Previously, Ripple's legal chief had anticipated that the SEC would appeal, although the probability of overturning the lower court's decision was estimated to be less than 10%.

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