Williams: A rate hike is needed by the end of 2026

Federal Reserve official Williams stated that he is not in a hurry to take action, and the market currently expects the Fed to only raise interest rates once again by the end of this year.

The price of Binance - PUMP/USDT has reached a new high in nearly half a year, now reported at $0.005922, up 12.70% in 24 hours, with a turnover of $73.23 million. After reaching a new high in price, there is a high probability of a price correction. (AiCoin Research Institute)

Federal Reserve's Williams stated that the September rate hike aims to accelerate the achievement of the 2% inflation target.

[Mousalem: Monetary Policy Stance Remains Accommodative, Interest Rates Have Not Reached a Fully Restrictive Range] Federal Reserve official Mousalem stated that after the recent rate hikes, the monetary policy stance remains accommodative, and interest rate levels have not yet reached a fully restrictive range. (Source: Jin10 Data)

The Bitcoin office in El Salvador denies government support for the launch of the Sivar application and claims that the related reports are fake news. Sivar was launched by Modveon and uses Coinbase infrastructure to process remittances between the United States and El Salvador. The transfers are settled in stablecoins on the Base, with a fixed fee of $2, and can be withdrawn from over 1000 locations in El Salvador. Prior to its launch, more than 25000 Salvadorans had registered. (Source: Bloomberg)