ChainCatcher news, Federal Reserve Chairman Powell: The Federal Reserve is committed to completing the task of controlling inflation. A strong economy allows the Federal Reserve to make decisions cautiously.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell will participate in a dialogue at 04:00 AM Beijing time on November 15 (Friday), marking his first public speech since the November FOMC meeting, where he may comment on recent economic data. Investors and economists will closely watch for his clues regarding the Federal Reserve's December interest rate decision and the policy outlook for 2025. In recent speeches, Powell emphasized the risk balance of the Federal Reserve's dual mandate—stabilizing inflation and supporting maximum employment. He described the Fed's rate-cutting path as a "normalization" of policy.Wednesday's interest rate futures market pricing suggests that there is over an 80% chance of a 25 basis point rate cut at the Federal Reserve's meeting on December 17-18. The update to the policymakers' quarterly economic projections in September showed a median forecast of a 1 percentage point rate cut in 2024, followed by another 1 percentage point cut in 2025. Officials will update the "dot plot" at the December meeting, which may indicate the policy path for 2025 and beyond.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell will participate in a dialogue at 04:00 AM Beijing time on November 15 (Friday), where he will publicly speak for the first time since the November FOMC meeting and may comment on recent economic data.

ChainCatcher news, last week the "Trump Trade" created a stir in the market. Trump's return to the White House and the Republican Party's potential landslide victory in Congress, along with the Federal Reserve's expected 25 basis point rate cut, have settled two major risk events, driving a significant rebound in the financial markets.According to 4E monitoring, U.S. stocks surged rapidly, with all three major indices hitting new highs last week, and the Dow Jones and S&P 500 recorded their best weekly performance of the year. Specifically, the S&P 500 index rose 4.66% over the week, the Dow gained 4.61%, and the Nasdaq increased by 5.74%. Tesla soared to a new high since April 2022, with a weekly gain of 29.01%, pushing its market cap above $1 trillion. Nvidia briefly surpassed Apple to become the world's most valuable company, with a weekly increase of 9.03%. The total market capitalization of the seven tech giants grew by nearly $94 billion over the week.Benefiting from Trump's support for cryptocurrencies and the prospect of pro-crypto lawmakers in Congress, Bitcoin broke through the $80,000 mark, setting a new historical high. As of the time of publication, it was at $81,635, with a 7-day cumulative increase of over 18%. Ethereum was reported at $3,207, with a 7-day cumulative increase of over 30%. Altcoins collectively surged, generally outperforming the market, boosting market sentiment.In the forex commodities sector, the U.S. dollar index rose last week, with a cumulative increase of 0.6% over six consecutive weeks, while non-U.S. currencies were generally under pressure. Oil prices experienced significant fluctuations over the week; early in the week, OPEC+ announced another delay in production increases, causing oil prices to rise sharply. However, U.S. EIA crude oil supplies hit a new high since August, dragging down the weekly oil price gains, with Brent crude rising 1.09% for the week. Spot gold fell 1.85% over the week due to a stronger dollar and the Federal Reserve's indication of an open attitude towards pausing rate cuts.With the U.S. elections concluded, investors will now refocus on the outlook for monetary policy and corporate earnings, continuing to assess the impact of Trump's policy expectations. This week, many Federal Reserve officials will speak, and the latest U.S. CPI data, PPI data, and retail sales figures will serve as important references for investors to gauge the health of the U.S. economy and the extent of the Federal Reserve's rate cuts in 2025. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and forex, recently launching a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher news, according to Jinshi reports, analysts at LHMeyer wrote that Fed Chairman Powell's speech provided little new information but offered a clue on how the Fed is considering the December decision.Powell emphasized that the Fed will not react to the expected policies of the Trump administration (which are believed to potentially trigger inflation) but will focus on current data. This indicates that the Fed retains the freedom to continue cutting interest rates. Analysts believe that the Fed is most likely to cut rates by another 25 basis points next month.

ChainCatcher message, Federal Reserve Chairman Powell stated that the overall economic performance is strong, and the Federal Reserve will continue to focus fully on its dual mandate objectives.

ChainCatcher message, Federal Reserve Chairman Powell will hold a monetary policy press conference in ten minutes.

ChainCatcher message, according to CNN, Trump may allow Federal Reserve Chairman Powell to complete his remaining term.

ChainCatcher news, although the Federal Reserve has been trying to stay as far away from politics as possible in 2024, Tuesday's U.S. presidential election is crucial for the Fed and its chairman Powell. The next U.S. president will fill several vacant positions, and Powell's term as Fed chairman will also end in May 2026, meaning either Trump or Harris will be able to choose the next leader of the Federal Reserve.Mark Spindel, chief investment officer at Potomac River Capital and historian researching the Fed and politics, pointed out in a recent interview that this is "a significant crossroads for the Federal Reserve." He added that if the Trump team wins, they will clearly be "very proactive." During his presidency, Trump frequently attacked Powell and openly pushed the central bank to act according to his ideas, even suggesting negative interest rates, and Trump has hinted that if he wins a second term, he might do even more.Federal Reserve policymakers will also have the opportunity to discuss these implications this week, as the FOMC will hold meetings in Washington, D.C. on Wednesday and Thursday. The main agenda for officials is whether to implement a second rate cut in 2024, with the market expecting the Fed to cut rates by 25 basis points this week, but political factors will certainly linger in their minds.

ChainCatcher message, due to the non-farm payroll data released on Friday exceeding expectations, the market has largely ruled out the possibility of a continued 50 basis point rate cut, and economists have expressed their views.Aichi Aemiya, an international analyst at Nomura Securities, stated that the Federal Reserve may reduce the rate cut to 25 basis points in the policy meetings in November and December.Aemiya noted that Federal Reserve Chairman Powell also demonstrated his "significant influence in the decision-making process of the Federal Open Market Committee (FOMC)." He mentioned that Powell's speech at Jackson Hole at the end of August was relatively dovish, and subsequently, the FOMC further cut rates by 50 basis points in the September meeting, "Powell's opinion dominated the committee."

ChainCatcher news, on Monday local time, Federal Reserve Chairman Powell stated during a speech that if the economy performs as expected, there may be two more rate cuts this year, totaling 50 basis points. The market perceives Powell's overall remarks as "hawkish." Following Powell's speech, the market significantly reduced the probability of a 50 basis point rate cut by the Federal Reserve in November.According to 4E observations, the three major U.S. stock indices fell after Powell's speech but began to rise in the final trading hours, ultimately closing slightly higher, with both the Dow Jones and the S&P 500 reaching new closing highs. Historically, U.S. stocks perform poorly in September, but this year the Dow rose 1.85%, the S&P 500 increased by 2.02%, and the Nasdaq gained 2.68%. Notably, the Dow and the S&P 500 recorded five consecutive monthly gains.The cryptocurrency market generally declined, with Bitcoin down 1.81% at $63,600, and Ethereum slightly down by 0.27%. Data shows that Bitcoin rose 7.35% in September, marking its best historical performance. It is worth noting that historically, whenever Bitcoin has risen in September, it has continued to rise until the end of the year. Gold fell by 0.47%, with a 4.74% increase in September; the U.S. dollar index rose by 0.30%, with a cumulative decline of 0.93% in September.After the Federal Reserve's anticipated rate cut in September, the pace of global central bank rate cuts has accelerated, significantly improving the macro environment and increasing investors' risk appetite. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. This Friday, the U.S. non-farm payroll data for September will be released, providing further key insights into the U.S. economic situation and the Federal Reserve's rate cuts. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher news, according to Jinshi reports, an IG analyst stated in a report: "A 50 basis point rate cut by the Federal Reserve in November is still considered a possibility."Powell's speech is unlikely to change many views, although he may reiterate his comments on the Federal Reserve's recent rate decision.Tomorrow, Federal Reserve Chairman Powell will speak at the National Association for Business Economics, where he may indicate the future policy direction of the Federal Reserve.

ChainCatcher news, at 01:55 AM Beijing time the next day, Federal Reserve Chairman Powell will deliver a speech at the National Association for Business Economics. In this period of uncertainty filled with "noise," Powell may indicate the future direction of the Federal Reserve's policy------how the "timely rain" of interest rate cuts will continue to unfold. Market fluctuations are expected, and investors are advised to pay attention to related risks.

ChainCatcher news, BTC Markets' crypto analyst Rachael Lucas stated, "Bitcoin appears to be overbought on the daily chart, with prices starting to pull back after reaching a high of $66,498 last Friday, and momentum has weakened since last week."Lucas pointed out that Ethereum is also facing challenges in regaining momentum, as it lost momentum after breaking above the 50-day simple moving average last week. According to TheBlock's Ethereum price page, Ethereum has dropped 1.69% in the past 24 hours, currently trading at $2,626. Meanwhile, investors are focusing on two key macroeconomic events this week: Federal Reserve Chairman Powell's speech at the National Association for Business Economics on Monday, and the U.S. non-farm payroll report released on Friday. Lucas stated, "Powell's remarks, especially those regarding inflation and interest rates, often influence the market, and cryptocurrencies are no exception. Any hawkish tone could further exacerbate risk-off sentiment, leading to today's decline."

ChainCatcher news, Federal Reserve Chairman Powell did not discuss monetary policy or economic outlook in his brief opening remarks at the New York Fed. (Jin Shi)

ChainCatcher news, according to Coindesk, two sources revealed that the cryptocurrency exchange Kraken has hired Natasha Powell as the UK compliance officer, and Powell will take office in November.A Kraken spokesperson stated in an email comment: "We have been exploring new opportunities to leverage industry talent to enhance our services." Powell comes from the crypto payment company BCB Group, where she served as the Chief Compliance Officer. According to her LinkedIn profile, her career began at the UK's Financial Conduct Authority (FCA), which is responsible for regulating the financial services industry, and she later worked at the Royal Bank of Scotland and Barclays Capital.

ChainCatcher message, The Wall Street Journal reviews Powell's 50 basis point rate cut, stating that the Federal Reserve's goal is to replicate the masterpiece of former Fed Chairman Greenspan in the 1990s, where the rate cut in 1995 laid the foundation for the subsequent soft landing of the U.S. economy and the prosperity of the late 1990s.

ChainCatcher news, Biden economic advisor Jared Bernstein stated that the intention of President Biden's speech on September 19 was that he has never discussed interest rate issues with Federal Reserve Chairman Powell. Since taking office as President of the United States, Biden has never pressured Powell.

ChainCatcher news, economist El-Erian stated that at the press conference, faced with repeated questions from reporters, Federal Reserve Chairman Powell had to deal with the contradiction between the unusual move of starting the rate cut cycle with a 50 basis point cut and the repeated assessment that "the economy is in good shape." This became more complicated, and understandably, he did not want to acknowledge that today's 50 basis point cut was an "add-on" to the lack of a rate cut in July. (Jin Ten)

ChainCatcher message, Federal Reserve Chairman Powell stated: "We have not set any fixed path for interest rates and will make decisions in a series of meetings. If the economy remains strong and inflation remains stubborn, we may adjust policy more slowly. If appropriate, we can accelerate or slow down the pace of rate cuts, or even choose to pause rate cuts."