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Federal Reserve's Williams: Further Rate Cuts "Will Eventually Be Necessary" if Inflation Cools This Year

2 hours ago

March 3 — New York Fed President John Williams, a permanent voting member of the FOMC, said Wednesday that further interest rate cuts will “eventually be warranted” if inflation cools this year. Supported by a range of factors, U.S. GDP growth is projected to reach 2.5% in 2026, per FXStreet.
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The UAE is considering striking Iran as war spreads

March 4 – Data from the Bloomberg Terminal shows the UAE is weighing military action against Iran after enduring 186 missile attacks and 812 drone strikes. Most air strikes were intercepted, but the attacks—targeting civilian infrastructure and oil facilities—still killed 3 people and injured around 70. UAE officials say they reserve the right to respond, as anger mounts among Iran’s Gulf neighbors. Israeli and Saudi sources note the conflict could draw in other regional powers. PolyBeats monitoring indicates that on the prediction market Polymarket, the current probability of “UAE striking Iran by March 31” stands at 51%.

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The UK to Deploy Anti-Drone Helicopter and HMS Dragon to Cyprus

On March 4, British Prime Minister Boris Johnson announced that the United Kingdom will deploy an anti-drone helicopter to Cyprus and station the destroyer HMS Dragon in the area, according to Xinhua News.

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Ethereum Rebounds Above $2000, 24-hour Loss Narrows to 3.9%

On March 4, Ethereum rebounded above $2,000, according to HTX market data, with its 24-hour drop narrowing to 3.9%.

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Federal Reserve's Schmied: Substantial Fiscal Stimulus Measures to Be Implemented by 2026

March 4 – Federal Reserve’s Schmiede: Need to prioritize the macroeconomic outlook; aims to bring inflation down to the 2% target; plans to roll out substantial fiscal stimulus in 2026. (Xinhua)

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Bitcoin Breaks $68,000, 24-hour Loss Narrows to 1.74%

Bitcoin broke above $68,000 on March 4, per HTX market data, with its 24-hour decline narrowing to 1.74%.

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The POWER team transfers $29 million in tokens, causing the coin price to drop over 58.6% today

March 3 – According to monitoring data from onchainschool.pro, the POWER team’s wallet address was activated today, transferring $29 million worth of POWER tokens to an intermediate wallet. The team has begun continuous transfers of the tokens to trading platforms, with the process currently ongoing incrementally. Per HTX market data, the POWER token plummeted more than 58.6% today and is now trading at $0.7.

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