IMF seems to be behind the curve on China’s COVID and property polices

Early early this week there was news crossing on significant changes to COVID and Property policies in China. Chief Economist Gopinath is having remarks reported across the newswires: Calibrating China’s zero-covid strategy to limit its economic impact would be vital to sustaining and balancing the economy Urgent action at the.

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Forexlive Americas FX news wrap: Retail sales strong. Keeps Fed’s playbook intact.

The US retail sales were stronger than expected. The headline number came in at 1.3% vs. 1.0% expected. Ex autos it rose by 1.3% vs. 0.4%. The ex auto and gas rose by 0.9% vs. 0.2%. In the control group rose by 0.7% vs. a 0.3%. Moreover, the revisions to.

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ForexLive European FX news wrap: Dollar struggles, UK inflation highest in 40 years

Headlines: Markets: EUR leads, JPY lags on the day European equities lower; S&P 500 futures flat US 10-year yields down 3.1 bps to 3.767% Gold up 0.2% to $1,781.63 WTI crude down 0.1% to $86.16 Bitcoin down 1.5% to $16,626 Markets were still feeling a little uneasy amid the geopolitical.

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WSJ: BlockFi pairs for potential bankruptcy

Crypto currency lender BlockFi is preparing for potential bankruptcy filing after voting withdrawals of customer deposits and acknowledging it has a significant exposure to FTX. BlockFi is planning to layoff workers. The company is based in Jersey City, New Jersey. Bitcoin is trading at $16,958. The low for the day.

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Bankman-Fried says Alameda had more assets than liabilities

Bitcoin is having a decent day to day as it climbs $600 and trades back above $17,000. There’s a time trade in effect here as every minute that a crypto-exchange domino doesn’t fall indicates that contagion has stopped. So no news is good news but that could change any moment.

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Fed’s Barr: Paying careful attention to liquidity and interest rate risk

Top Fed regulatory official Barr The Fed’s Barr who’ operated in a cautious ways is the Fed VIce Chair in charge of supervision and the top regulatory official, is speaking on risks. Paying careful attention to liqudity and interest rate risk Also watching cybersecurity risks Commercial real estate and housing.

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