US Unemployment Benefits Applications: Previous: 233 thousand Expectation: 236 thousand Announced: 227 thousand Unemployment Benefit Application – 4-Week Average: Previous: 241.25K Announced: 235.50K The lower-than-expected applications for unemployment benefits in the US may be a sign that unemployment rates have not yet risen. This data opens the door for the FED to start interest rate cuts. #My Gate Moments#
Trump vs. Powell: The Interest Rate Game Heats Up! Trump slammed Powell for being “too late” and demanded his immediate resignation. According to Trump, the Fed chairman cost the country hundreds of billions of dollars by not cutting interest rates. Potential replacements are being discussed: Bessent, Hassett, Bowman. However, this process faces significant challenges, including legal obstacles and the risk of undermining the Fed’s independence in controlling inflation.
Ripple has partnered with Wormhole! ✅What does this partnership mean? In the past, it could only operate within itself. Now Ethereum will be able to send and receive data and tokens with networks like Solana. The person who will serve as the bridge to provide this system will be the wormhole friends. ◽️So why is this important? I will explain it item by item for you to understand better. → Ripple has been a project working with banks and institutions for a long time. → These institutions are those that want to transfer real-world assets such as homes, cars, and stocks, namely RWA, to the block
According to recent information, US President Donald Trump's memecoin, Trump Official (TRUMP), has established a new partnership with Tron (TRX). In line with this partnership, TRUMP will be on the Tron network. The TRUMP team stated in their last post, "TRUMP is coming on TRON, stay tuned!"