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Elon Musk has announced his goal of turning X into an “everything app” with the imminent launch of X Money. #Dogecoin
On May 22, Federal Reserve Board Governor Waller said on Friday that, given the growing risks from inflation, the Fed should not consider further rate cuts as the default plan at all. And earlier this January, Waller had also supported rate cuts. In a speech, Waller said that as the Middle East conflict continues, rising costs for oil and other commodities are increasingly likely to trigger broader and more sustained inflation across the economy. He said, therefore, it is time for the Fed to stop signaling that the next move is most likely another rate cut. Waller said that, in the foreseeable future, keeping interest rates stable in the current range of 3.5% to 3.75% is likely the right approach. He added, “If inflation cannot weaken quickly, I can no longer rule out the possibility of future rate hikes.” Waller said