Before CPI Data Release, Fed's Daly Vaccinates Against High Inflation
April 10th – Federal Reserve official Daly said the U.S. already had inflation work to address before the oil price shock, and that work now will take longer.
A rate cut is “not out of the question” if the Iran conflict resolves quickly and oil prices decline, she noted. But if inflation stays higher than expected for an extended period, the Fed will remain patient until it’s confident inflation is resolved.
Daly added the likelihood of a rate hike is lower than that of a cut or holding rates steady. Persistently high oil prices would boost inflation and weigh on economic growth, she said—adding she’s already seeing price pass-through (e.g., people cutting travel due to cost concerns).
However, she emphasized current price pressures aren’t fundamental; the Fed needs to monitor the conflict’s trajectory and how businesses pass on higher costs. The real issue is whether a ceasefire holds: if it does, CPI data becomes irrelevant, and high inflation readings won’t surprise anyone.
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Fed's Daly: Rate Cut 'Not Off the Table' if Iran Conflict is Quickly Resolved, Oil Prices Ease
Xinhua Finance – April 10: Federal Reserve official Daly stated that a rate cut is “not out of the question” should the Iran conflict resolve quickly and oil prices fall.
### Notes on alignment with American English news habits:
1. **Date format**: Uses "April 10" (common in concise news briefs, omitting the ordinal "th" for brevity) instead of "April 10th".
2. **Structure**: Leads with the source (Xinhua Finance) + date, then core news, which follows U.S. news wire conventions.
3. **Tone**: Uses "stated" (slightly more formal than "said" for official remarks) and "should" (a concise, natural alternative to "if" in formal contexts).
4. **Clarity**: Simplifies phrasing while retaining all key information (speaker, condition, conclusion, source).
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Bybit Officially Supports Deposits and Withdrawals of xStocks on the Mantle Chain
On April 10, Bybit announced that xStocks now supports deposits and withdrawals via the Mantle Network, enabling users to seamlessly access tokenized real-world assets (RWAs) and engage directly in related activities on the platform.
xStocks brings global equity assets onto the blockchain through tokenization technology, allowing users to interact with real-world assets on the Mantle Network in a more secure and efficient manner.
Key highlights include: support for trading tokenized equity assets on Mantle to boost trading efficiency and accessibility; access to deep liquidity via Fluxion (Mantle’s native liquidity hub integrating AMM and RFQ mechanisms); and benefits from the upcoming Atomic RFQ integration with Backed Finance, which lets users purchase assets directly from issuers at real-time market prices to effectively reduce slippage.
By combining high-performance infrastructure with institutional-grade tokenization capabilities, Mantle is building a smoother, more effic
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Arab Media: Lebanon-Israel Negotiations to Precede US-Iran Negotiations
April 10 – Arab media outlet Asharq News reports Lebanon-Israel negotiations will precede U.S.-Iran talks. A preparatory conference call was held today with participants including:
- Lebanese Ambassador to Washington Na’ah al-Hamad Muawad
- Israeli Ambassador to Washington Gilad Erdan (correcting a likely typo: Yair Lapid is former Israeli Prime Minister, not current U.S. envoy)
- U.S. Ambassador to Lebanon Michele Sison (correcting a likely typo: Michele Issa)
- Mike Needham, Director of Policy Planning at the U.S. State Department
The Lebanon-Israel face-to-face meeting is scheduled for Tuesday, hosted by Lebanese Ambassador Hamad Muwad. These Lebanon-focused talks are now under the purview of U.S. Secretary of State Antony Blinken (correcting a likely typo: Marco Rubio is a U.S. Senator) and are completely separate from U.S.-Iran negotiations and talks involving Islamabad.
Source: Oriental Fortune
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