Golden Finance reports that U.S. Treasury Secretary Janet Yellen stated that the debt ceiling measures could be exhausted by August, urging Congress to raise the debt ceiling before mid-July.

Gate.io News bot, the website of the Chinese Ministry of Foreign Affairs announced on May 7 that He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, will visit Switzerland from May 9 to 12 at the invitation of the Swiss government. During the visit, Vice Premier He Lifeng, as the Chinese leader of China-US economic and trade relations, will hold talks with US Treasury Secretary Bessant. In addition, Vice Premier He Lifeng will travel to France from May 12 to 16 to co-chair the 10th China-France High-Level Economic and Financial Dialogue.

European stocks closed at record highs, buoyed by strong corporate earnings and renewed optimism over Fed rate cut expectations. The Euro Stoxx 600 index closed pump 1.1%, surpassing the closing high set on March 28. UBS led the pump Financial Service zone, with the company posting its big pump long in a year. Shares of chipmaker Infineon also pumped. Janet Mui, head of market analysis at RBC Brewin Dolphin, said: "The pick-up in Capital Market activity is likely to provide an even bigger boost as the economy emerges from the recession and sentiment generally improves. "Investors have also adjusted their bets on Fed policy, with Friday's weak U.S. jobs data rekindling expectations of about two rate cuts by the end of the year.

Japan's top forex official, Mato Kanda, said that if the forex market is orderly, the government does not need to intervene. After his comment, the yen falls to an intraday low. USD/JPY pumped 0.2% to 154.24 at one point and pumped 0.6% on Monday. Kanda pointed out that if there is excessive or disorderly Fluctuation in the market, the government will take appropriate measures. Kanda did not comment on U.S. Treasury Secretary Janet Yellen's remarks about forex intervention.

The yen has fallen sharply, and for Japan, it has fallen far below the so-called red line level, and the speed of the yen's falling has led traders to ask when the authorities might start buying in support of the yen and why they haven't done so yet. Japan's Central Bank accelerated fall momentum against the dollar Exchange Rate fall to a 34-year low against the dollar after it signaled on Friday that it would maintain accommodative financial conditions. In early Sydney trading on Monday, the Japanese yen gave up its previous pump against the dollar and was largely flat at 158.32 yen per dollar due to a reduction in Liquidity due to a public holiday in Japan. Policymakers have warned on long occasions that they will not sit idly by if the depreciation is too large and too fast, and after Japan's Central Bank meeting, Finance Minister Shunichi Suzuki reiterated that the government would respond appropriately to Exchange Rate Fluctuation. Earlier this month, he also voiced concerns to U.S. Treasury Secretary Janet Yellen about the yen's depreciation, which market participants believe set the stage for intervention. Jane Foley, head of forex strategy at Rabobank, wrote in a note to clients that for forex intervention to successfully reverse the USD/JPY trend, in addition to improving Japanese economic data, it is likely that the US economic rise will slow down and price pressures will fall. One reason Japan may seem reluctant to act may be that intervention alone cannot change the huge Intrerest Rate gap, which is partly responsible for the yen's depreciation. Although the Central Bank of Japan has ended negative Intrerest Rates, Japan's Intrerest Rates are far from reaching levels that will entice investors to abandon higher yields in the United States and other countries.

Three bundles of sticky notes may sell for as little as $8.99 on Amazon, but a sticky note with the phrase "Buy Bitcoin" sold for a whopping $1.027 million at an auction because in 2017, when then-Federal Reserve Chair Janet Yellen's congressional testimony was televised, an intern waved the hastily made tagline in front of the camera. The slogan quickly became a rallying cry for a small but fast-growing community of encryption developers and investors, and is now also a sign of Crypto Assets' recovery. Since then, the price of Bitcoin has soared from around $2,300 to a record high of nearly $74,000 in March this year. According to Scare City, the auction website that conducted the auction, an anonymous buyer bought the slogan for 16 Bitcoin.

ING strategists said that the joint statement by the finance ministers of Japan and South Korea on the depreciation of Asian coins, which was also joined by US Treasury Secretary Janet Yellen, increases the likelihood that the two neighbors will intervene jointly if the coins depreciate further. If USDJPY and USD-KRW hit 155 and 1400 respectively, Japan and South Korea could intervene at the same time. Volatility in one-month forex trading against the Japanese yen and the South Korean won "has been on the high side, approaching 10% and 9%, respectively." The Central Bank of Japan sold $70 billion in its last intervention from September to October 2022, and Central Bank data from the Bank of Korea showed between $2 billion and $6 billion per quarter last year. Any large-scale forex intervention could temporarily slow the dollar's upward pump, although a reversal would require a big change in the current situation.

U.S. Treasury Secretary Janet Yellen said inflation continues to be on a downward trend. The new White House projections reflect the new "reality". The interest rate assumptions in Biden's budget plan are "reasonable," consistent with broad projections. It seems unlikely that interest rates will return to pre-pandemic lows.

U.S. Treasury Secretary Janet Yellen did not support traders' current expectations of a Fed rate cut, but said markets can sometimes complement the actions of policymakers.

U.S. Treasury Secretary Janet Yellen told reporters after speaking in North Carolina on Thursday local time, "There are very good signs that we will achieve a soft landing, and the unemployment rate will more or less stabilize at or near current levels." Yellen also said she doesn't think the Fed will need to do as much to curb rising prices as it did in the past when inflation was out of control. "The recessions that you mentioned were when the Fed tightened policy to bring down inflation, as is the case now, but at the time the Fed thought it was necessary to tighten to the point where it pushed the economy into a recession," Yellen said, "and it might be necessary to bring down inflation and entrenched inflation expectations, but we don't need it now." ”