ChainCatcher news, according to Jinshi reports, U.S. Bank economist Stephen Juneau stated in a report on Monday, "After the stronger-than-expected employment report was released, we have revised our outlook for the Federal Reserve: we no longer expect any further rate cuts, inflation is above target levels, risks are skewed to the upside, economic activity is strong, and the labor market seems to have stabilized."Juneau wrote that the movements in inflation and employment are becoming more aligned, making it difficult for the Federal Reserve to justify further easing of monetary policy.He indicated that policymakers may find themselves having to tighten policy. "Our baseline scenario is that the Federal Reserve will maintain interest rates unchanged for a long time, but we believe the risk of the next action is skewed towards rate hikes. In our view, if core PCE inflation exceeds 3% year-on-year and long-term inflation expectations become unanchored, then the Federal Reserve may resume rate hikes."

ChainCatcher news, according to CoinDesk, influenced by better-than-expected U.S. employment data, Goldman Sachs has lowered its expectations for Federal Reserve rate cuts, pushing the first rate cut expectation from March to June, and now expects only two rate cuts in 2025.Bank of America is more cautious, believing that the Federal Reserve may extend its pause on rate cuts, and there is even a risk of rate hikes. The market is focused on the CPI data set to be released on January 15, with a month-on-month increase of 0.3% for the fifth consecutive month potentially further strengthening hawkish expectations.Since the Federal Reserve's first rate cut in September 2023, Bitcoin has risen over 50%, once breaking through the historical high of $108,000. The market generally expects Bitcoin to test the support level of $92,000, which has consistently provided support since last November.

ChainCatcher news, according to Jinshi reports, Bank of America Global Research states that we believe the rate-cutting cycle has ended; our baseline assumption is that the Federal Reserve will keep interest rates unchanged for an extended period; however, we believe the risk of the next move leans towards an interest rate hike.

ChainCatcher news, according to Coingape, Bank of America is using XRP for internal transactions and has filed 83 patents related to XRP.In an interview with FOX Business, Sound Planning Group CEO David Stryzewski revealed that Bank of America has integrated XRP into 100% of its internal transactions, and the bank has also applied for 83 patents around Ripple, making its native token a fundamental component of future finance.

ChainCatcher news, U.S. Bank economists stated that the Federal Reserve's pause on interest rate cuts in January is clearly the baseline scenario. If the labor market stops gradually cooling down, the rate-cutting cycle may come to an end. (Jin Ten)

ChainCatcher news, according to Jinshi reports, the 2025 International Consumer Electronics Show (hereinafter referred to as CES 2025) will kick off in Las Vegas, USA, from January 7 to 10 local time. At 6:30 PM local time on January 6, Jensen Huang will deliver a keynote speech on site.Bank of America analyst Vivek Arya expects that Nvidia will officially announce its entry into the AI PC market at the exhibition. On the same day in the morning, Intel and AMD will also hold their respective product launch events. In terms of timing, Intel is ahead of AMD and Nvidia, and foreign media believe that Intel aims to seize the initiative and provide ample time for partners to showcase new products.

ChainCatcher News, a recent survey of global fund managers by Bank of America shows that the US dollar is expected to be the best-performing currency by 2025. 40% of investors anticipate that the dollar will outperform the market in 2025, up from 31% in November. Long positions in the dollar are considered the second hottest trade after bullish bets on the "Big Seven" US stocks. In December, the proportion of investors who believe the dollar is overvalued rose to 59%, up from 51% in November, the highest level since January 2023. (Jin Ten)

ChainCatcher news, Bank of America CEO Moynihan stated that incoming Treasury Secretary Basant is very knowledgeable about the industry and is an "excellent" candidate. (Jin Shi)

ChainCatcher news, according to Jinshi reports, Bank of America economist Stephen Juneau wrote in a report to clients on Thursday, "The upcoming potential policy changes, higher tariffs, deficit-financed tax cuts, and tighter immigration policies could all put upward pressure on prices.In fact, due to these policy changes, we predict that the core PCE inflation rate will hardly decline over the next two years. At next week's meeting, the Federal Reserve will also have to acknowledge the lack of progress on inflation, and we believe the Fed may pause interest rate cuts in January next year, with the risk that policy changes (during Trump's second term) could make this pause prolonged."

ChainCatcher news, according to CoinDesk, based on communication records obtained by a research firm commissioned by Coinbase, it was revealed that in 2022, the Federal Deposit Insurance Corporation (FDIC) suspended or blocked cryptocurrency banking operations in many U.S. banks.The research institution hired by Coinbase, History Associates Inc., filed a lawsuit against the FDIC and the Securities and Exchange Commission (SEC) in June of this year, ultimately gaining access to some internal communication records of the FDIC. A large number of heavily redacted documents released on Friday show that this banking regulatory agency had halted digital asset-related products and services offered or planned by several banks.According to one of the 23 letters shared by the cryptocurrency exchange, the regulator wrote: "We urge you to suspend all activities related to crypto assets. The FDIC will notify all banks under its supervision when it makes a decision regarding the regulatory expectations for engaging in activities related to crypto assets."Coinbase Chief Legal Officer Paul Grewal believes that these letters are conclusive evidence that crypto companies have been systematically cut off from banking services by regulators. Paul Grewal stated, "The FDIC has developed a coordinated plan and executed it without hesitation, depriving a legitimate U.S. industry of banking services. This should give everyone pause."

ChainCatcher message, Bank of America strategist Michael Hartnett stated that the strong rebound in U.S. stocks and cryptocurrencies makes these asset classes appear to be in a bubble.According to data compiled by institutions, the price-to-book ratio of the S&P 500 index soared to 5.3 times in 2024, close to the peak of 5.5 times reached during the tech bubble in March 2000. Hartnett noted that if the S&P 500 index approaches 6666 points, which is about 10% higher than current levels, the risk of "overshooting" in early 2025 is very high. The bank's bull-bear indicator has yet to show signs of prosperity among global investors.

ChainCatcher news, according to Jinshi reports, American bank economists stated that the employment report for November will be released on Friday, and investors should pay attention to the growth rate over the past two months, especially considering the significant risk of revisions to the October data.A Wall Street Journal survey shows that the U.S. non-farm payrolls for November are expected to increase by 214,000, up from 12,000 in October. American banks expect this number to exceed 240,000 due to the impact of hurricanes and the Boeing strike. It is also expected that the labor force participation rate will rebound, causing the unemployment rate to rise from 4.1% to 4.2%, in line with the Wall Street Journal's expectations. American banks noted that the number of unemployment claims increased due to the impact of hurricanes but has since declined, indicating a rapid economic recovery.

ChainCatcher Message, the "small twist" on the road to falling U.S. inflation is most evident in the core PCE, which has hovered around an annual rate of 2.7% for the past six months.Economists at Bank of America Securities wrote, "Two consecutive months of 0.3% growth (month-over-month) will certainly lead Fed participants to reassess their inflation and policy outlook."Nevertheless, we still expect the Fed to cut rates by 25 basis points in December, but given the strong economic activity and persistent inflation, the rate-cutting cycle seems to be shorter."

ChainCatcher News, Bank of America stated that the pound has weakened in recent weeks, but it may strengthen next year, as the UK is unlikely to be the focus of the trade tariff plan of the elected U.S. President Donald Trump.Bank of America foreign exchange strategist Kamal Sharma said in a report that the UK's reliance on the service sector will also help mitigate the impact of any tariff measures to some extent. At the same time, he noted that under a Labour government, "the direction of Brexit is not so confrontational." He also mentioned that a stronger dollar after the U.S. election may temporarily limit the rise of the pound against the dollar, but given the political and fiscal volatility in the Eurozone, the euro to pound exchange rate seems likely to decline by 2025.

ChainCatcher news, Bank of America stated that as the cryptocurrency rebound progresses, the momentum of Meme coins may gradually weaken.

ChainCatcher news, according to Walter Bloomberg, the latest November Global Fund Manager Survey released by Bank of America shows that 43% of respondents believe that the U.S. stock market will be the best-performing asset class in 2025, followed by global equities (20%) and gold (15%).

ChainCatcher News, Bank of America warns that as national debt continues to rise, gold may become the ultimate safe-haven asset in the U.S. market. The bank points out that gold is more attractive than U.S. Treasury bonds, especially in light of potential debt crisis risks.Gold prices in 2024 continue to rise, nearing the historical high of $2,700, with expectations to surpass $3,000 in the future. Meanwhile, the economic plans of U.S. government candidates may further increase debt levels, which also encourages global central banks to increase their gold reserves.

ChainCatcher news, according to Jinshi reports, Bank of America CEO Brian Moynihan believes that if the United States does not balance its spending with economic growth, it will regret it. If this issue is not addressed, the U.S. may lose its "gold standard" status in the economy.He also stated that the debt issue is not something that can be handled in the first week of a new government taking office, nor is it a problem that the old government can continue to govern------it is a discipline issue that spans time.

ChainCatcher News, a report from Bank of America analysts states that the European Central Bank's interest rate cuts may exceed market expectations. They indicated that the European Central Bank seems to have opened the door to gradual rate cuts in successive meetings, temporarily addressing the question of how quickly rates will be cut, but not answering how much the cuts will be. "Our answer is: far beyond general expectations and far beyond market pricing." Market pricing indicates that the European deposit rate will drop from the current 3.50% to 2.00%. Currently, the market has fully priced in a 25 basis point cut by the European Central Bank at the October meeting. (Jin Shi)