According to the Capitol Hill report, US President Biden is preparing to quietly leave the White House. His public appearances after the election have hardly attracted media attention. In contrast, Trump has already occupied most of the public's attention even before his second inauguration. Republicans say Biden's absence from major moments is to be expected. However, Democrats have not taken any action to support their party leader, but have expressed their expectation of Biden's resignation, even though they do not like the person who will take office next. Some Democrats say they do not mind Trump hogging the limelight in the last month, and point out that his behavior is not improper and seems more restrained than it was eight years ago. Some sources say that Biden's pardon of his son has made Democrats "disgusted" and "thoroughly" angry with the "whole Biden world." This is a feeling that many Democrats already have about Biden, and they believe Biden should choose not to run for re-election, or should withdraw from the 2024 race earlier. Ivan Zapien, a former official of the Democratic National Committee, said: "Failure is not fun... I wouldn't say it's Biden fatigue, it's more like a 'well, it's too bad, let's get ready for the next (election)' kind of feeling."
▌The probability of the Fed keeping rates unchanged in January 2023 is 91.4%
According to the CME "Fed Watch", the probability of the Fed keeping rates unchanged in January 2023 is 91.4%, and the probability of a 25 basis point rate cut is 8.6%. The probability of keeping the current rate unchanged by March 2023 is 52.1%, the probability of a cumulative 25 basis point rate cut is 44.2%, and the probability of a cumulative 50 basis point rate cut is 3.7%.
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▌What is Ripple Labs' RLUSD stablecoin?
RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, is intended to provide a stable digital currency for trading and transactions. As a stablecoin pegged to the US dollar, 1 RLUSD is equivalent to 1 US dollar. Each RLUSD is maintained at a 1:1 peg. These collateral assets are either US dollar deposits or cash equivalents.
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