cario

ChainCatcher news, according to Jinshi Data reports, Mansoor Mohi-uddin, chief economist of the Bank of Singapore, stated in a research report that the downgrade of the U.S. credit rating last Friday has widespread implications for its economic outlook. First, the deteriorating fiscal situation in the U.S. reinforces our view that long-term U.S. Treasury yields will rise over time. The bank continues to predict that the 10-year U.S. Treasury yield will reach 5.00% in the next 12 months. Second, the threat to the safe-haven status of U.S. Treasuries highlights the bank's belief that the dollar has already peaked. Finally, the massive U.S. deficit and inflation may force the Federal Reserve to maintain higher interest rates for a longer period.

ChainCatcher news, according to a report by the Global Times citing the NBC News website, sources say that President Biden's campaign is facing a significant decline in donations, making the situation extremely dangerous.Several sources stated, "The situation is catastrophic. Funding sources have dried up. This month, Biden's campaign fundraising from major donors may decrease by half or even more."Another source indicated, "Donors are very passive. They had a call with the president. This call seemed unnatural to people, and I think they do not believe in him."Reports suggest that Biden may receive the presidential nomination as early as July 21, without having to wait for the Democratic National Convention in August, thus ending the debate over whether he should run. The second debate between Biden and Trump is scheduled for September 10. The U.S. presidential election will be held on November 5.