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- 16:15The Fear Index VIX has surged 20% intraday, currently at 19.27.According to Jinse Finance, the Fear Index VIX has surged by 20% intraday and is now at 19.27.
- 16:06Spot gold rises above $3,520, hitting a new all-time highJinse Finance reported that spot gold continues to rise, surpassing $3,520 per ounce and reaching a new all-time high, up 1.25% on the day.
- 16:04Nearly 600 economists call for defending the Federal Reserve's independence, signing an open letter in support of PowellChainCatcher news, according to Golden Ten Data, many well-known economists have voiced their support for Federal Reserve Governor Lisa Cook after former U.S. President Trump sought to dismiss her over alleged mortgage fraud. Nearly 600 economists have signed an open letter backing Cook, stating that the threshold for removing a Federal Reserve Governor is very high and that elected officials should avoid actions or rhetoric that undermine the Fed’s independence. The open letter, published on Tuesday, includes signatures from Nobel laureates Claudia Goldin and Paul Romer, former Chair of the Council of Economic Advisers under the Obama administration Christina Romer, as well as Ohio State University professor Trevon Logan, who has co-authored papers with Cook.