@StickyRice:Federal Reserve poised for 25-bp rate hike; expect tough talk from Powell Traders widely expect the Federal Reserve to slow its pace of rate hikes to 25 basis points on Wednesday, from its 50-bp increase in December following four back-to-back 75-bp hikes, as it assesses the impact of the tightening already in place. With that, investors will be be attuned to signals for when the policymakers expect to end their tightening. Chairman Jerome Powell, though, is likely to push back against market expectations for rate cuts later this year, say some strategists and investors. The CME FedWatch tool, based on 30-day fed funds futures pricing data, puts a 98.2% probability of a 25-bp increase, bringing the federal funds rate target range to 4.50%-4.75%. The Fed's rapid tightening, which started in

@VivienWilcox:On November 28, the third quarterly report of Pinduoduo was released. In the third quarter, Pinduoduo achieved a revenue of 35.5 billion yuan, up 65.1% year on year; Under the US GAAP, the net profit attributable to common shareholders is 10.59 billion yuan.In the third quarter, Pinduoduo continued to increase subsidy investment, launched a series of activities such as "Super Agricultural Goods Festival", "Duoduo Harvest Hall" and "Duoduo New Craftsmanship", and created an important incremental market for high-quality development of the real economy.What will happen when traditional craftsmanship meets the Internet? Phoenix Pufan, Chongqing Dengjiadao, Gaocheng Palace Lantern, Yixing Purple Clay Pot... These traditional handicrafts, with the help of Pinduoduo, have further opened their mar