ChainCatcher news, according to Jinshi reports, U.S. consumer spending unexpectedly fell in May as the boost from pre-tariff purchases weakened, and inflation remained moderate. Data released on Friday showed that consumer spending, which accounts for more than two-thirds of economic activity, declined by 0.1% last month, while the market had expected a growth of 0.1%. After the surge in pre-shopping faded, consumer spending nearly stagnated last quarter. Service spending also decreased, leading to a quarterly increase in consumer spending of only 0.5%, the lowest since the second quarter of 2020.This data indicates a weak consumption growth path for the second quarter. The combination of weak consumption and moderate inflation is still insufficient to prompt the Federal Reserve to restart interest rate cuts in July. Economists point out that the current moderate inflation is due to companies still selling off inventories accumulated before the tariffs took effect, and inflation is expected to rise starting from the June CPI data.

ChainCatcher news, Slow Mist founder Yu Xian stated that the attacker of the decentralized stablecoin protocol Resupply exploited an interest rate inflation vulnerability to steal assets. The attacker triggered price inflation by donating to the Controller contract of the new treasury, causing the exchangeRate to drop to 0, thereby bypassing collateral verification. Ultimately, the attacker was able to borrow a large amount of reUSD using only 1 wei of collateral. The hacker's funds have currently been converted to ETH, worth approximately over 9.5 million USD, and the hacker's Gas came from Tornado Cash.

ChainCatcher news, Nick Timiraos, a reporter for the Wall Street Journal known as the "Fed Whisperer," stated that according to economists mapping CPI and PPI to PCE, the core inflation rate in May is expected to remain low for the third consecutive month.Core PCE estimate: +0.15% (even lower in May 2024, thus the year-on-year growth rate will rise to 2.6%);Overall Personal Consumption Expenditures (PCE): +0.12% (affected by base effects, year-on-year increase to 2.3%).The U.S. May core PCE price index year-on-year will be announced tonight at 20:30, with many institutions generally expecting a value of +2.6%.

According to ChainCatcher news, the NEAR Protocol officials stated that the community has initiated a proposal vote to reduce the fixed annual inflation rate of NEAR tokens from 5% to 2.5%, with plans for flexible adjustments in the future.The voting will end upon the occurrence of one of the following two conditions:More than 2/3 of the staked shares cast "in favor" votes;Reaching the deadline (August 1, 2025, 8:00 AM, UTC+8).

ChainCatcher News, Naoki Tamura, a member of the Bank of Japan's Policy Board, stated during a speech to business leaders in Fukushima Prefecture on Wednesday that the Bank of Japan should consider further interest rate hikes as soon as possible, as inflation may reach the target earlier than expected.He said, "My basic idea is that the central bank will not bring any preconceived analytical data and various information, but will timely and appropriately raise the policy interest rate and adjust the degree of monetary easing based on the improvement of economic activity and prices, without rushing or delaying." He believes that the pace of inflation may exceed the Bank of Japan's expectations, forcing the central bank to take decisive action amid global uncertainties.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that inflation may not be as strong as expected. If this is the case, it could mean an earlier rate cut.

ChainCatcher news, according to Jinshi reports, the Federal Reserve's monetary policy report states that inflation is "slightly high" and the labor market is in "good condition." The value of the US dollar in foreign exchange has generally declined.At the beginning of April, the government bond market continued to operate in an orderly manner, but liquidity has decreased to levels not seen since early 2023. The slow start in 2025 is related to tariff adjustments. Tariffs have impacted the confidence of households and businesses, and the effects of tariffs have not yet been reflected in official data, making it too early to assess their impact on the economy. Some early signs indicate that tariffs have driven inflation up.Financial stability is "resilient" amid increasing uncertainty.

ChainCatcher message, Federal Reserve Chairman Powell stated, "The impact of tariffs will depend on their level, and this year's increase in tariffs may put pressure on economic activity and push up inflation." (Jin Ten)

ChainCatcher message, Federal Reserve Chairman Powell stated, "The U.S. economy is in a solid state, but inflation levels have been slightly above the target." (Jin Shi)

ChainCatcher news, according to Jinshi Data, the Federal Reserve's FOMC statement did not mention the risks of rising unemployment and inflation this time.

ChainCatcher news, according to Jinshi Data, the Federal Reserve has lowered its GDP forecast for 2025 to 1.4%, while raising its inflation expectation to 3%.

ChainCatcher news, IG Group analysts indicate that the Bank of Japan (BOJ) faces the challenge of balancing persistent inflationary pressures with slowing economic growth. The price of rice, a staple food for Japanese households, has doubled in the past year, highlighting the severity of inflationary pressures.Since April 2022, the core inflation rate has remained at or above the BOJ's 2% target, increasing pressure for interest rate hikes.However, economic growth has clearly deteriorated, with first-quarter GDP contracting at an annualized rate of 0.2%. Additionally, due to rising inflation, real wages have fallen by 1.8% year-on-year, which may suppress consumer spending and further constrain economic growth. While the BOJ is likely to keep interest rates unchanged at today's meeting, any hawkish guidance could provide significant support for the yen. Close attention should be paid to the policy statement and comments from the press conference for hints regarding future tightening measures.

ChainCatcher news, according to Jin10, the preliminary value of the one-year inflation rate in the U.S. for June is expected to be 5.1%, with a forecast of 6.4% and a previous value of 6.60%.

ChainCatcher news, according to Jinshi reports, Joanne Hsu, director of the University of Michigan's consumer survey, stated that the one-year inflation expectation in the United States has decreased from 6.6% last month to 5.1% this month. Long-term inflation expectations have declined for the second consecutive month, from 4.2% in May to 4.1%. Both indices are at their lowest levels in three months. Concerns among consumers about the potential impact of tariffs on future inflation eased in June. Nevertheless, inflation expectations remain above the levels for the second half of 2024, reflecting a general belief that trade policies may still lead to an increase in inflation over the next year.

ChainCatcher news, according to Jinshi reports, Huachuang Securities released a research report stating that the U.S. CPI in May once again slightly fell short of expectations. The CPI year-on-year rose from 2.3% to 2.4%, below Bloomberg's expectation of 2.5%; the core CPI year-on-year remained at 2.8%, below Bloomberg's expectation of 2.9%. The CPI month-on-month was 0.1%, below the expected and previous value of 0.2%; the core CPI month-on-month was 0.1%, below the expected 0.3% and the previous value of 0.2%.Unless Trump continues to suspend or cancel reciprocal tariffs due to negotiations this year, the upward risk of inflation remains a concern. The next two to three months are an important observation window for the Federal Reserve regarding inflation, and before that, it is highly likely to remain on hold (the CPI situation from June to August can be seen before the September FOMC meeting).

ChainCatcher news, according to Cointelegraph, billionaire Paul Tudor Jones recently stated, "BTC, gold, and stocks are the best investment portfolio against inflation."

ChainCatcher News: The U.S. May CPI rose 2.4% year-on-year, lower than market expectations (2.5%), leading to higher expectations for interest rate cuts within the year. Some believe that the greater-than-expected slowdown in inflation may become a catalyst for Bitcoin's accelerated rise.Matt Mena, a crypto research strategist at 21Shares, predicts that if BTC breaks through the range of $105,000 to $110,000, it is expected to rise to $120,000 in the short term, potentially reaching $138,000 in the second half of the year, with a chance of hitting $200,000 by the end of the year. He pointed out that the continued weakening of inflation strengthens the foundation for monetary easing, combined with the rising number of BTC reserve companies and several U.S. states launching BTC reserve programs, which will jointly drive net capital inflows and support the medium to long-term trend of Bitcoin prices.

ChainCatcher news, according to Jinshi reports, Bank of Japan Governor Kazuo Ueda said on Tuesday that if the central bank becomes more confident that potential inflation will reach the 2% target, it will continue to raise interest rates.Ueda told the Diet that the Bank of Japan will keep the real interest rate in negative territory to ensure that the potential inflation rate remains below the 2% target. "Once we are more confident that the potential inflation rate will approach 2% or hover around this level, we will continue to raise interest rates to adjust the degree of monetary support," Ueda said.