statement

Full statement from the Federal Reserve: Maintain interest rates unchanged, reiterate that inflation remains relatively high

ChainCatcher message, the full translation of the Federal Reserve's statement on policy is as follows: Recent indicators show that economic activity continues to expand robustly. In recent months, the unemployment rate has stabilized at a low level, and the labor market remains solid. Inflation is still at relatively high levels.The Committee's goal is to achieve maximum employment and a long-term inflation rate of 2%. The Committee believes that the risks to achieving employment and inflation goals are roughly balanced. There is uncertainty in the current economic outlook, and the Committee is closely monitoring risks that may affect its dual mandate.To support its policy objectives, the Committee decided to maintain the federal funds rate target range at 4.25%-4.5%. In considering whether to adjust the target range further in terms of magnitude and timing, the Committee will carefully assess the latest economic data, changes in the economic outlook, and the balance of risks. The Committee will continue to reduce its holdings of U.S. Treasuries, agency bonds, and agency mortgage-backed securities (MBS). The Committee is firmly committed to supporting maximum employment and restoring inflation to the 2% target.In assessing the appropriate monetary policy stance, the Committee will continue to pay attention to the impact of the latest information on the economic outlook. If risks emerge that could impede the Committee's ability to achieve its goals, the Committee will adjust its monetary policy stance in a timely manner. The Committee's assessment will take into account a wide range of information, including labor market conditions, inflation pressures and expectations, as well as developments in financial and international conditions.

HashKey Group issued an official statement: HashKey Exchange CEO Ong Siu Kee will resign at the end of the year

ChainCatcher news, HashKey Group released an "official statement regarding the appointment of Mr. Livio Weng," stating that HashKey Exchange CEO Livio Weng has formally submitted his resignation to the company several months ago due to personal family reasons.HashKey Group has completed the transition plan and obtained approval from the Hong Kong Securities and Futures Commission (SFC) for the personnel changes. Mr. Livio Weng will continue to serve until the end of this year to assist in completing all handover work.Mr. Livio Weng stated: "Over the past year, I have been fortunate to witness and participate in the development and growth of HashKey Group and HashKey Exchange. I feel incredibly proud to work alongside such an outstanding team to drive innovation and development in the industry. Due to personal family reasons, I will temporarily bid farewell to HashKey. I thank the company, the team, and industry partners for their continuous support and trust. I believe HashKey Group will continue to lead the industry forward and create brilliance in the future."HashKey Group CEO Xiao Feng stated that Mr. Weng's leadership has driven the construction and development of the exchange, laying the foundation for the group's steady growth in the Hong Kong crypto industry.Previous news, HashKey Group announced that all team token holders (including former employees) must strictly adhere to the token management policy, and employee departures will not trigger early or full unlocking.
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