OKX-SPX is currently priced at $1.70, with a 6.92% increase over 24 hours. 24-hour transaction volume of 200 million US dollars, a decrease of 0.81%, for reference only
Federal Reserve Governor Lisa Cook stated that the July employment report and previous data revisions may indicate a turning point for the US economy. The data shows that the number of non farm employees increased by 73000 in July, but the data for the first two months was revised down by 260000, and the unemployment rate rose to 4.2%.
San Francisco Fed President Daley said that the weak labor market and the short-term impact of tariffs on inflation may prompt the Fed to cut interest rates soon. She believes that the economic slowdown and the suppressive nature of monetary policy will lead to a continued decline in inflation, and the long-term impact of tariffs on inflation is limited. Daley emphasized that further weakness in the labor market could have serious consequences, and the Federal Reserve may need to adjust its policies in the coming months.
According to The New York Times, Trump plans to have a face-to-face meeting with Russian President Putin as early as next week and hold trilateral talks with Putin and Ukrainian President Zelensky. The talks are limited to the leaders of the United States, Russia, and Ukraine, and do not include representatives from European countries. It is currently uncertain whether Putin or Zelensky has accepted this plan.
