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D Dollar

Global Currency Shifts: The Dollar's New Direction

Recently, the US dollar gained against the Euro and the British Pound, influenced by market speculation about interest rate differences between the US Federal Reserve and European central banks. Despite these increases, the dollar remained stable overall, following new US economic data that prompted reassessment of the Fed's potential easing of monetary policy.

In New York's latest trading session, currency values shifted significantly. The dollar fell to 144.91 yen, and the Euro and Pound also declined to $1.0954 and $1.2747, respectively. The DXY index, which tracks the dollar against other currencies, rose slightly by 0.11% to 102.404 points, registering a small weekly gain of 0.01%.

This consolidation in the dollar’s value came as investors weighed US macroeconomic data for hints of the Fed's future moves. Recent US Producer Price Index (PPI) data, lower than market expectations, slightly eased concerns raised by earlier Consumer Price Index (CPI) data. Pantheon, a consultancy firm, suggested that the forthcoming Personal Consumption Expenditures (PCE) inflation report could be crucial. It may prompt the Fed to begin monetary easing sooner, with possible interest rate cuts as early as March. Currently, the market, as per CME Group's tracking tool, anticipates a 79.5% chance of this happening.

Olivier Korber, a strategist at Société Generale Research, views this market expectation as premature. He argues that core inflation may not decline fast enough by March to justify an interest rate cut. The absence of this option in the Fed's minutes supports his view. Korber predicts that this situation might weaken the Euro in the short term, considering the interest rate differential.

The Bank of Japan (BoJ), as reported by sources to Reuters, is expected to maintain its 2% inflation projection for the coming years, despite economic uncertainties and geopolitical risks.

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Worse

HOLY CRAP! NAACP lawyer came before the Supreme Court and said the quiet part out loud

Janai Nelson said we need race-based districts because: "white Democrats were not voting for black candidates whether they were Democrats or not!"

This is INSANE.
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00:00:34
Ketanji

BREAKING: In an insane move, Justice Ketanji Jackson declares we need to draw Congressional districts based on race because black people are like disabled people

"They don't have equal access to the voting system. They're DISABLED!"

This is utter madness. How did she get on the Supreme Court?!

"My, kind of, paradigmatic example of this is something like the ADA. Congress passed the ADA against the backdrop of a world generally not accessible to people with disabilities...why is that not what's happening here?!"
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00:01:28
Beast

BlackRock CEO Larry Fink says this is only the beginning as the tokenization of everything is underway.

Money, property, and even personal identity will soon exist in digital form.

He calls it a major opportunity for BlackRock, saying the plan is to move beyond traditional financial assets by digitally re-potting them into a new system.

🔗 Shadow of Ezra (@ShadowofEzra)

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Tweepcred

🤖📱 Between empty promises of a billionaire and a social credit system. The “secret” way your behaviour is ranked on X

What is Tweepcred? It’s a reputation system inherited from the days of Twitter, a social credit mechanism built into X, where every like, comment, retweet, or interaction feeds a hidden score. Post the wrong thing, and your reach is throttled, invisible to followers, blocked from the For You Page, and your voice is confined to a digital coffin. The worst part? X won’t even tell us what we’re doing wrong.

Tweepcred was open-sourced two years ago as part of Elon’s big push for “transparency.” The release confirmed what many suspected for over a decade: the system wasn’t neutral. It could be gamified, and it rewarded those who knew how to play it. Industry insiders and large organizations held a massive advantage over individuals, defeating the very purpose of the internet and the cultural revolution that once challenged mass media.

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Ranchers

🇺🇸👨‍🌾 Meriwether Farms on X:

Dear Trump,

We love you and support you— but your suggestion to buy beef from Argentina to stabilize beef prices would be an absolute betrayal to the American cattle rancher.

We understand there are larger economic and geopolitical dynamics at play, including countering CCP influence in countries in our hemisphere. But the practice of solving problems “over there” before solving problems here on our soil is what contributed to the downfall of our country: Americans always come last.

We understand beef prices are high, and we admire your concern for all Americans, but this is not the fault of the American producer. This is the fault of politicians who have allowed BRICS-aligned entities to dominate the meat industry, that participate in price fixing and who also continually lie to their consumers.

Washington for decades has facilitated the squeezing of our own ranchers while allowing these entities to flood the market with cheaper, ...

EBT SHUT OFF

Got this earlier today


Due to Federal Government Shutdown, SNAP Benefits Suspended Beginning Nov. 1. For more info, please visit oklahoma.gov/okdhs/shutdown

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