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, the Federal Reserve may not see more signs of inflation easing before deciding whether to cut interest rates again in December. After studying this week's CPI and PPI inflation data, many analysts predict that the Fed's preferred inflation measure, the PCE price index, will show that core prices, excluding the volatile food and energy categories, rose 2.8% year-on-year in October. This would represent a renewed acceleration in growth since September and means that the core PCE annualized rate has returned to the level seen in May.However, this pain may be temporary. Citigroup economists expect that the core PCE monthly inflation rate may slow significantly in November. But the November data will not be released until New Year's Eve.

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Cook stated that if the progress of inflation decline stalls, it may require the Federal Reserve to pause interest rate cuts. If the labor market shows signs of weakness, gradually lowering interest rates would be appropriate. The labor market has rebalanced, overall cooling down, and inflation has made "considerable progress."

ChainCatcher news, Dogecoin co-founder Shibetoshi Nakamoto stated on X that if one wants to eliminate Dogecoin's inflation, they can directly modify the source code on GitHub and submit a pull request, persuading the community and miners to use the new version. He pointed out that the key code is on line 146 and hopes the community will not disturb him about this matter.Elon Musk subsequently stated: "I believe that the smooth inflation of Dogecoin (i.e., the gradually decreasing inflation rate) is a feature, not a bug."

ChainCatcher news, according to Jinshi reports, the Wall Street Journal evaluates the U.S. CPI data and points out that although inflation data is stabilizing, it still seems possible for Federal Reserve policymakers to cut interest rates by another 25 basis points at their last meeting of the year next month. This is primarily because, despite the bumps along the way, inflation still appears to be on a cooling trend.Additionally, there remains a certain degree of "catch-up inflation" in the data. Federal Reserve officials also believe that the current short-term interest rate levels are restrictive, which means that without further rate cuts, the labor market may cool more than they expect, even putting the economy at risk of recession.That said, the U.S. Department of Labor will release the next consumer inflation report on December 11, one week ahead of the Federal Reserve meeting. If the data is much stronger than what Federal Reserve officials hope for, they may choose to temporarily pause further rate cuts. This is especially true if the November employment report, scheduled for release on December 6, shows a rebound in employment, confirming that last month's slowdown was merely a reflection of hurricane and strike-related issues.

ChainCatcher news, according to Jinshi reports, the JPMorgan market team believes that inflation data is more likely to show signs of warming rather than cooling. Nevertheless, they think that this week's hotter data is unlikely to derail the risk appetite tone, and investors are also unlikely to fixate on a single data point, as there is one more CPI data release before the December Federal Reserve meeting.However, the team reminds investors that Powell has shifted the Federal Reserve's focus from the labor market to weighing the dual mandate of employment and inflation. "If CPI and even retail sales data show a stronger economic growth trajectory while also stimulating inflation, then we need to pay attention to what might happen in the future."In JPMorgan's view, investors are unlikely to shift to a cautious portfolio stance until they see the overall CPI year-on-year reaching 3.5% (which is a credible threat to the Federal Reserve). They believe that the Federal Reserve will only take tightening action if the inflation rate returns to or exceeds 4%.

ChainCatcher news, according to ai_9684xtpa monitoring, ETH has been in an inflationary state since mid-April, with an increase of about 350,000 ETH over six months.The peak of Ethereum's destruction in the past year occurred in March this year (when BTC first reached its ATH), and since April, the amount of ETH destroyed has generally shown a decreasing narrative. At the beginning of August, there was a brief rebound due to the hype of Memecoins, but it quickly diminished, resulting in significant fluctuations over the year.

ChainCatcher news, according to Jinshi reports, buoyed by Americans' optimism about the future economic and financial situation, the U.S. Consumer Confidence Index rose to its highest level in seven months in November. The preliminary Consumer Confidence Index from the University of Michigan for November increased to 73, above the expected 71. The expectations index soared to 78.5, the highest since mid-2021. The optimistic outlook also reflects Americans' expectations for slowing inflation. Consumers expect prices to rise by 2.6% next year, the lowest level since 2020.However, the inflation expectations for the next 5 to 10 years rose to 3.1%. The survey was conducted from October 22 to November 4. Survey director Joanne Hsu said, "Consumers have consistently indicated that the future of the economy depends on who wins the presidential election. Looking ahead, the economic policies of the next administration may become the most concerning issue for consumers regarding inflation and could drive their confidence trajectory in economic performance." The personal financial expectations index rose to its highest level since March, partly due to improvements in personal financial conditions. Confidence in long-term business conditions surged to a nearly four-year high.

ChainCatcher news, according to Jinshi reports, the initial value of the U.S. November one-year inflation rate expectation is 2.6%, expected 2.7%, previous value 2.7%.The initial value of the U.S. November five to ten-year inflation rate expectation is 3.1%, expected 3%, previous value 3%.

ChainCatcher news, institutional analysts indicate that the most notable part of the statement so far is that the Federal Reserve has become more cautious in expressing too much certainty about progress on inflation. Officials tend to gauge underlying inflation using September data, but it is important to remember that there is a lot of data showing strong economic growth. Coupled with a prospective president who supports underlying inflation policies, the Federal Reserve may enter a wait-and-see mode.

ChainCatcher news, according to Jinshi reports, Wells Fargo's Sarah House and Aubrey Woessner wrote that inflation in the United States may still be above the Federal Reserve's 2% target. The consumer price index for October, to be released next week, "may show that progress in eliminating the last bit of inflation remains frustratingly slow."They predict that the overall CPI for October will increase by 0.2%, remaining the same as the increase in September, which will raise the annual rate from 2.4% to 2.5%. Core CPI is expected to rise by 0.3% for the third consecutive month, keeping the annual rate at 3.3%. House and Woessner added that policies proposed by Trump could put pressure on rising prices and extend the time for inflation to return to the Federal Reserve's target.

ChainCatcher news, deVere Group CEO Nigel Green stated in a report that part of the reason Trump won the election is the dissatisfaction of Americans with inflation, but he may not be able to cool prices as voters expect. Trump's promise to impose tariffs on imported goods could have the opposite effect, as importers may pass on the additional costs to consumers.Green said, "While the goal is to protect American businesses, the reality is that these tariffs could exacerbate the inflationary pressures that Trump promised to alleviate."

ChainCatcher news, after Republican candidate Trump won the U.S. presidential election, gold prices fell. SP Angel analysts stated that the dollar and U.S. Treasury bonds surged due to the election results, weakening the appeal of gold, reflecting market concerns about the inflation policies that a Trump administration might implement. Trump had previously discussed plans to reduce immigration, impose broad tariffs, and cut taxes, all of which could drive up inflation. SP Angel added that gold buyers may also be preparing for a more intense election, but the Republican sweep may have led to the liquidation of such positions. (Jin Shi)

ChainCatcher news, according to Jinshi reports, analysts from the Edmond de Rothschild Group stated in a report that under Trump's leadership, U.S. inflation could rise rapidly. The risks of trade tariffs and the threat of deporting undocumented immigrant workers could drive up the U.S. inflation rate. These factors may pose challenges to the Federal Reserve's efforts to curb inflation.They stated, "As the impact of Trump's plans on inflation becomes increasingly clear, the Federal Reserve may partially abandon its anticipated 100 basis points rate cut in its latest report."

ChainCatcher news, Brian, the long-term strategist and head of Wind Shift Capital Advisors, stated that he expects the stock market to experience turbulence over the next 12 months. This is because the Federal Reserve is unlikely to lower interest rates to very low levels as the market believes; borrowing costs may indeed rise from now on. This could suppress lending, slow down investment, and cause U.S. and global stock markets to decline by 7%-12%."I think the crisis we face is that when interest rates start to rise, the government will not be able to continue to boost the economy in a rising interest rate environment because they have already lost the support of the market," Brian said.Brian's prediction may seem counterintuitive for investors who have been pricing in significant rate cuts by the Federal Reserve. However, he stated that the U.S. economy faces too much inflationary pressure in the medium term to guarantee that the Federal Reserve will adopt aggressive easing policies. (Jin Shi)

ChainCatcher news indicates that, according to market forecasts, data released by the U.S. Department of Commerce on Wednesday will show that the seasonally and inflation-adjusted Gross Domestic Product (GDP) grew at a strong annualized rate of 3% in the third quarter, unchanged from the previous value. If this expectation comes true, it will mark the 10th consecutive quarter of expansion for the U.S. economy.At the same time, the market also expects the report to show that the core PCE price index for the third quarter will significantly slow down to 2.1% from the previous value of 2.8%, approaching the Federal Reserve's 2% inflation target. The Federal Reserve uses the PCE price index included in the GDP estimate as its primary inflation indicator.Another driving factor for the Federal Reserve's interest rate cuts is inflation, with the second quarter core PCE price index likely getting closer to the Fed's target. Citigroup expects U.S. GDP growth to be below expectations at only 2.6%, but anticipates that the inflation indicator for the quarter will reach the 2% target, a figure that may help solidify the Fed officials' decision to only cut rates by 25 basis points next week. (Jin Shi)

ChainCatcher news, according to Jin Ten reports, "the Federal Reserve's mouthpiece" Nick Timiraos stated that the Federal Reserve's two-and-a-half-year battle against inflation seems to have succeeded, but the U.S. election may change this situation. Both candidates support policies that promote economic growth, which could prevent inflation from declining further. However, economists and even conservative advisors are concerned that Trump's supported views are particularly likely to ignite inflationary pressures. This includes his proposals for imposing tariffs on all imported goods, expelling workers, and relying on the Federal Reserve to lower interest rates.Overall, these policies are moving in the direction of inflation. Trump's proposals could lead him into a new conflict with the Federal Reserve, whose task is to maintain low inflation. Any factors that reignite inflation could cause officials to slow down or even halt their interest rate cut plans.

ChainCatcher news, ECB board member and Bundesbank president Joachim Nagel stated to reporters during the International Monetary Fund (IMF) annual meeting in Washington, "We believe it is possible to reach the 2% inflation target earlier than we had anticipated, potentially in 2025."The European Central Bank has cut interest rates three times since June, and markets and economists expect further cuts in the future. Nagel warned against speculating on the next steps, stating, "We should not consider further rate cuts too hastily."