Back to collectionA Rate Shock and an Unconfirmed Fund Rumor
The studio was still absorbing the unease caused by industry layoffs, and its hiring freeze made choices about development priorities harder. The Federal Reserve raised rates by 75 basis points, its largest increase since 1994, and unconfirmed reports spread that Three Arrows Capital's positions had been forcibly liquidated. The rate shock and fund rumor made financing worries more concrete, but a rumor alone could not settle the studio's budget choices.
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The studio was still absorbing the unease caused by industry layoffs, and its hiring freeze made choices about development priorities harder. A-Zhen was preparing to discuss handoffs with the people responsible, while Night Watchman watched for unverified names taking over community chat.
The Federal Reserve raised rates by 75 basis points, its largest increase since 1994, and unconfirmed reports spread that Three Arrows Capital's positions had been forcibly liquidated. Some members quickly repeated the rumor as fact. Night Watchman asked them to keep its unconfirmed status clear. A-Zhen held off using that name to forecast the studio's finances and kept the discussion on known staffing limits and main game tasks.
The rate shock and fund rumor made financing worries more concrete, but a rumor alone could not settle the studio's budget choices. Night Watchman planned to mark confirmed and unconfirmed information in later discussions; A-Zhen still needed to map the task handoffs. The state of Three Arrows Capital remained unsettled that day.