ChainCatcher news, according to Jinshi Data reports, at 0:01 local time on Saturday (12:01 Beijing time), Trump's 10% tariff on all imported goods in the United States officially took effect, and reciprocal tariffs will take effect next Wednesday.The 10% baseline tariff is effective at U.S. ports, airports, and customs warehouses, marking Trump's complete abandonment of the tariff rate system agreed upon with various parties after World War II. Kellyanne Conway, Trump's White House trade advisor during his first term, stated, "This is the biggest trade action of our lifetime," and she expects tariffs to change over time as countries seek to negotiate lower rates. "But this is a big deal. It represents a huge and significant shift in the way we trade with every country in the world."

ChainCatcher news, according to Jinshi reports, the European Central Bank meeting minutes show that committee members are increasingly confident that inflation will return to target levels in the first half of 2025. They believe that if the inflation benchmark forecasts for the coming months and quarters are confirmed, it would be appropriate to gradually relax the restrictive policy.However, the meeting minutes also pointed out that there are still many upward and downward risks to the inflation outlook, and therefore vigilance should not be relaxed in the final stages of combating inflation. Given the widespread uncertainty and some factors that may hinder inflation progress, a cautious approach remains necessary.Some committee members noted that there may be reason to cut interest rates by 50 basis points in December, and they tend to give more consideration to this possibility.

ChainCatcher news, Fed's Williams stated that based on the data, the baseline path is further rate cuts. (Jin Shi)