On October 30th, the central parity rate of the RMB was 7.1781, an increase of 1 point, and the previous session it was at 7.1782.
The probability that the Fed will keep interest rates unchanged in November is 97.4%.
CME Fed Watch: the probability of the Fed keeping interest rates unchanged at 5.25% Mel 5.50% in November is 97.4%, and the probability of raising interest rates by 25 basis points to 5.50% Rue 5.75% is 0.0%. The probability of keeping interest rates unchanged by December is 78.6%, the probability of raising interest rates by 25 basis points is 19.3%, and the probability of raising interest rates by 50 basis points is 0.0%.
Wall Street mogul Peter Schiff: the US economy is "already structurally weak" and the dollar will plummet
Peter Schiff, chief global strategist and CEO of Euro Pacific Asset Management, issued another warning this week about the state of the US economy and the collapse of the dollar. "We are very close to the collapse of US Treasuries," Schiff wrote on social media platform X on Wednesday. Which means the party is finally over. With the arrival of the day of reckoning, the truth will be fully exposed. "
"the dollar will plummet, and so will the US economy and the living standards of Americans," the economist stressed. " "US Treasuries are now the ultimate risky asset because losses are inevitable," Schiff warned in another post. " "there are only two possible outcomes, either default and deflation, or devaluation and inflation," he predicted. The latter option is more politically expedient, which means that everyone who holds dollars will also be destroyed. "