Search results for "NERVE"
07:37

Pufin Group: The Federal Reserve (FED) is unlikely to cut interest rates in the near future.

On June 10, Tim Murray, a strategist at Puxin Group, said that the Federal Reserve will continue to hold its nerve until tariff-related uncertainty subsides or the labor market deteriorates significantly. Murray does not expect a "Fed put" anytime soon, i.e., a Fed rate cut to bail out the market. Fed policymakers know that lowering interest rates is not a cure for uncertainty. The Fed is also reluctant to cut interest rates, given the risk that tariffs will push inflation higher. Murray expects the Fed to stick to its data-dependent approach, refrain from providing forward guidance, and refrain from sending any "political messages."
05:28
Recently, the 37th Annual Conference on Neural Information Processing Systems was held in New Orleans, USA, as reported by IT House on December 31. At the meeting, a scientific team proposed that the artificial intelligence model Transformer has a function similar to the NMDA receptor. In addition to this discovery, they also designed new nonlinear functions that allow the Transformer model to simulate the kinetic performance of NMDA receptors. The NMDA receptor is a "smart" channel that promotes the formation of memories and skills. If glutamate is present in the brain, nerve cells become excited, delivering neurotransmitters to NMDA receptors. At the same time, magnesium ions are responsible for the gatekeeping, and when magnesium ions are squeezed out of the NMDA receptors, the neurotransmitter is allowed to enter the next nerve cell. In the hippocampus, the smooth transfer of matter ensures that short-term memory is effectively converted into long-term memory, and magnesium ions are responsible for selectively allowing matter to pass through. In the new study, the scientists found that there is a process similar to the magnesium ion gatekeeping in the NMDA receptor in the Transformer model, and that adjusting the parameters of the Transformer model can enhance the memory capacity of the model. This finding prompted researchers to think about whether it is possible to develop a method to regulate the memory consolidation process of the Transformer model by studying the mechanism of magnesium ion gatekeeping in the NMDA receptor, and make the model have systematic long-term memory and even consciousness.
09:07
PANews reported on December 13 that Matrixport released a new report, saying that there are many different ways to succeed in cryptocurrency investment, one of which is to correctly predict the macroeconomic situation and position yourself before major changes. The report expects inflation to continue to decline over the next two years and could fall back to around 2%. Last night, the market received the last Consumer Price Index (CPI) report of the year, with inflation coming in at 3.1%, and the report expects to continue to see readings below 3% next year. The report mentions that the market has been advocating a rate cut for months, while the Fed has been holding its nerve since July 2023. The situation is similar to January 2019, when the Fed raised interest rates in a row in 2018 but then paused for seven months. During the "pause", the BTC rose by almost 300%. The inflation rate is 3.1%, the US interest rate (federal funds rate) is 5.25%, and the Fed's monetary policy is inconsistent. The report says its view is not to say that this inconsistency will hurt the economy, as it will limit capital spending and ultimately stifle the economy and lead to a recession. The report argues that the longer the Fed maintains a "tight" monetary policy, the more savers will be paid, and that money will eventually flow into risky assets. The economy has shifted from an asset-heavy economy (real estate, industrial buildings, etc.) to an asset-light economy (remote work, business done via Zoom and other tech apps, etc.). In addition, the most important sector in the (US) economy is technology, which has a 28% market share in the US stock market. As a group, these companies have almost zero debt and, like many investors, hold large amounts of cash that they don't need. Considering that the assets of U.S. money market funds have doubled since COVID, from $3 trillion to $6.1 trillion, there are still $320 billion in annual interest payments, the report analysis said. That's the equivalent of $370 billion a year in interest payments — or $1 billion a day. Funds that have easy access to risk assets (stocks and cryptocurrencies) and principal ($6.1 billion in money market funds) can also be used to raise asset prices. The majority of the interest expense is borne by the U.S. government, as they, as the largest borrower, are required to pay the interest rate on the debt. While the government's debt burden is getting heavier, the private sector appears to be benefiting, with $1 billion a day of idle cash that can drive up asset prices.
BTC-0.27%
05:50

The market expects the Fed to keep interest rates unchanged, but it still needs to pay attention to the wording

(1) Despite expectations that the Fed will hold its nerve when it announces its policy decision later this week, the market is pricing in a roughly 19% chance of a Fed rate hike in December, according to CME Group's FedWatch tool. (2) Christian Scherrmann, U.S. economist at DWS, said: "While the Fed certainly won't provide forward-looking guidance in the traditional sense at its upcoming meetings, it has already provided some useful information on its interpretation of recent developments: a more balanced view of risk." The question is how the decision to keep interest rates unchanged will be communicated this time, especially if the Fed is not yet in a position to declare victory on inflation"
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07:46
Odaily Planet Daily According to official news, the decentralized asset cross-chain network Nerve Network announced that its multi-chain router has supported NEST asset exchange. Users can use multi-chain aggregator SwapBox to perform NEST cross-chain operations between the Ethereum network and BNB Chain.
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