ChainCatcher news, according to CME's "FedWatch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 70%, and the probability of a 50 basis points cut is 30%.

ChainCatcher message, Matrixport stated in its latest report that Federal Reserve Chairman Powell hinted at a possible interest rate cut, coupled with the positive momentum of the U.S. presidential election, which may create a favorable environment for Bitcoin.Surprisingly, ahead of next week's U.S. employment data release, traders appear cautious, hesitating to increase risk exposure. While concerns about an economic recession may trigger more monetary stimulus policies, historical data shows that this is usually beneficial for Bitcoin; however, the next 2-3 weeks will be a critical period. Key events include the U.S. employment report, the presidential debate between Harris and Trump, and the FOMC interest rate decision.

ChainCatcher news, according to Jinshi reports, CICC evaluated Federal Reserve Chairman Powell's speech at the Jackson Hole meeting as follows:It is basically clear that a rate cut in September is a done deal, in line with expectations. CME interest rate futures indicate a 76% probability of a 25bp rate cut in September and a 24% probability of a 50bp cut.The Federal Reserve's focus has shifted from prices to employment, essentially declaring victory in the fight against inflation (stating that inflation expectations are already well anchored), and assessing the job market as no longer overheating, balanced, with rising risks.There was no mention of how much to cut rates in the future; it still depends on the data. A 50bp cut currently seems unrealistic, and we need to wait for next month's non-farm data. Powell also does not view the rise in the unemployment rate as a deterioration of the job market, believing it is mainly due to more people entering the labor force and a slowdown in hiring. The attitude towards the job market is one of observation and vigilance.

ChainCatcher news, Powell will deliver a speech on the economic outlook tonight at 22:00 during the Jackson Hole central bank annual meeting. The market is confident that he will "officially announce" the start of the rate cut cycle in September, with the focus shifting to whether the option of a 50 basis point cut is still on the table, while Powell may remain tight-lipped about it. There may be significant market volatility at that time, and investors are advised to pay attention to the related risks.Powell's remarks will be scrutinized for any hints on how the Federal Reserve Chairman views the economy after the employment report came in weaker than expected and inflation continued to slow. The market generally expects the Federal Reserve to cut rates at its next meeting on September 17-18, but there are some differences regarding the extent of the cut. While most economists anticipate a 25 basis point cut, some forecasting institutions, including Citigroup and JPMorgan, expect the Federal Reserve to cut by 50 basis points. Wall Street is betting that Federal Reserve Chairman Powell will confirm the rate cut at the annual central bank meeting in Jackson Hole, Wyoming. The market debate has shifted from "Will there be a rate cut?" to "How much will the rate cut be?" (Jin Shi)

ChainCatcher news, according to CME's "Fed Watch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 75%, while the probability of a 50 basis point cut has decreased to 25%.