1. Federal Reserve's Schmid: Lowering Reserve Interest Rates to Ease Liquidity Pressure
Federal Reserve's Schmid stated that the Fed can support a smaller-scale balance sheet and ease liquidity pressure by lowering reserve interest rates and relaxing the use of the standing repo facility. -Original
2. People's Bank of China to Conduct 800 billion Yuan Reverse Repo Operation
The People's Bank of China announced that, in order to maintain ample liquidity in the banking system, it will conduct an 800 billion yuan outright reverse repo operation on November 17, 2025, with a term of 6 months (182 days), using a fixed-amount, interest rate bidding, and multiple price winning method. -Original
3. Market Sell-off After U.S. Government Reopens, Gold Prices Fall Back
On November 14, a broad market sell-off occurred after the U.S. government reopened, causing gold prices to fall back. Independent metals trader Tai Wong stated that precious metals, stocks, bonds, the U.S. dollar, and cryptocurrencies all came under pressure and declined, which is a typical "buy the rumor, sell the fact" phenomenon. -Original
4. Guggenheim CIO: Economic Slowdown May Prompt Fed Rate Cut in December
On November 14, Anne Walsh, Chief Investment Officer of Guggenheim Partners Investment Management, stated that signs of a partial economic slowdown may prompt the Federal Reserve to cut rates again in December. Walsh pointed out that low-income consumers and small businesses are facing difficulties, while affluent groups and large enterprises are performing strongly, forming a "two-speed economy." She believes that economic weakness may push the Fed to lower the neutral rate to about 3%, and expects more rate cuts in 2026. -Original
5. Alibaba Partners with JPMorgan to Launch Tokenized Payment System
On November 14, Alibaba's cross-border e-commerce platform Alibaba.com announced a partnership with JPMorgan to introduce a tokenized payment system, providing faster cross-border settlement solutions for global B2B business. This cooperation is regarded as one of the first large-scale applications of blockchain technology in international trade and was announced at the CoCreate Europe event in London. Alibaba stated that it will use JPMorgan's tokenized infrastructure to address issues such as numerous intermediaries, high foreign exchange costs, and long settlement cycles in cross-border payments, enabling synchronous movement of funds across jurisdictions and reducing delays and costs. -Original
6. U.S. Stock Sell-off Intensifies, S&P 500 Index Drops More Than 1% Three Times in Eight Days
7. U.S. Department of Justice Recovers $15 Million in Cryptocurrency from North Korean Illicit Activities
The U.S. Department of Justice stated that U.S. authorities have obtained multiple criminal convictions and recovered $15 million in proceeds from North Korean cryptocurrency theft activities. -Original
