ChainCatcher news, according to Decrypt, the North Dakota legislature has proposed a resolution aimed at "investing a portion of state funds in digital assets and precious metals." Resolution 3001 aims to mitigate the impact of inflation on the state's finances by diversifying the assets in which the state invests.The resolution states: "In light of the changing economic conditions and emerging investment opportunities, there is a need for prudent investment of state financial resources." Notably, while the resolution encourages investment in digital assets, it does not specifically mention Bitcoin. North Dakota Representatives Nathan Toman, Matthew Heilman, Jared Hendrix, Daniel Johnston, SuAnn Olson, and Todd Porter, as well as Senators Jeff Barta and Bob Paulson, proposed the resolution.ChainCatcher previously reported that Dennis Porter, co-founder and CEO of the Satoshi Action Fund (SAF), posted on the X platform stating that New Hampshire State Representative Keith Ammon has submitted a bill proposing the establishment of a "strategic reserve," allowing the state treasury to invest in precious metals (such as gold, silver, platinum) as well as digital assets (including Bitcoin).

ChainCatcher news, according to Jin Shi reports, Alliance Bernstein senior economist Eric Winograd stated that the Federal Reserve needs to make progress on inflation and that the labor market shows "some weakness" before it can cut interest rates again, which may take several months. The likelihood of rate hikes is low, as there are no signs indicating that inflation is accelerating again.Winograd noted that, aside from strong overall data, the three-month moving average increase in employment numbers is flat compared to November. The unemployment rate slightly decreased from 4.2% to 4.1%, having "remained between 4.0% and 4.2% for the past 7 months." Winograd believes that "aside from the soft landing we are currently enjoying, there is no reason to expect anything else."

ChainCatcher news, according to Jinshi reports, Federal Reserve's Goolsbee stated that if economic conditions remain stable, inflation does not rise, and full employment is achieved, then interest rates should decrease. If current expectations are realized, interest rates will significantly drop in 12 to 18 months.

ChainCatcher news, according to Jinshi reports, Gregory Faranello, head of interest rate trading and strategy at AmeriVet Securities, stated that this is a very reliable report that supports the market's expectations for the Federal Reserve to skip this month's meeting and possibly more.At the transition between two administrations, this is also an important figure. The focus now shifts to inflation. With the new administration taking office, higher inflation data and a strong job market will increase calls for interest rate hikes.

ChainCatcher news, according to Jin Shi reports, market analyst Wilcox stated that Trump's intervention in the Federal Reserve could lead to higher inflation. Trump has appointed Stephen Miran as the chairman of the Council of Economic Advisers and Daniel Katz as the director of the Office of the Treasury. The two have jointly developed a comprehensive plan to reform the Federal Reserve system, which would grant the president and Congress greater political control over the Federal Reserve.A key factor currently protecting the Federal Reserve from political interference is that the president can only remove Federal Reserve board members "for cause" and does not have the authority to dismiss the chairman. Katz and Miran would grant the president the power to fire both board members and the chairman. Additionally, they would shorten the term of Federal Reserve governors from 14 years to 8 years, and make each term begin from the date of confirmation as a committee member, allowing many or all terms to expire simultaneously.Furthermore, Congress currently authorizes the Federal Reserve to set its own budget and fund its operations from the earnings of the securities it holds. Katz and Miran suggest incorporating it into the appropriations process, with Congress approving the Federal Reserve's budget every five years. A large body of academic literature and historical experience in the United States indicates that increased political control often leads to more severe inflation.

ChainCatcher news reports that the U.S. market reacted enthusiastically to Trump's victory, but this trade has since eased.Economist Phil Suttle proposed another scenario. His outlook indicates that the more aggressively Trump implements policies such as deportation and tariffs, the greater the likelihood that the U.S. will fall into stagflation panic in the coming years. If immigration is cut off and workers are deported, the labor force may lose all growth momentum and even shrink.Suttle estimates that, combined with tariffs, economic growth could stagnate or even reverse in 2025 and 2026. Meanwhile, labor shortages and tariffs could drive up prices, potentially pushing inflation rates above 3% annually. Suttle believes that Trump's more radical policies could exacerbate these effects.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Collins stated that the current outlook requires a gradual and patient approach to interest rate cuts, supporting the rate cut in December last year, but this is a critical decision.The Federal Reserve is not following a predetermined path; the policy is in good shape. The current economic outlook is consistent with the Federal Reserve's predictions from December, expecting inflation to be higher than recent levels. The rate cut in December provided assurance for the labor market, and the economy is gradually and asynchronously returning to the 2% inflation target.

ChainCatcher news, according to Jinshi reports, Philadelphia Fed President Harker stated on Thursday that he still expects the Federal Reserve to cut interest rates, but the policy path is shrouded in considerable uncertainty.Harker said, "I still believe we are on a path of declining policy rates. I do not intend to deviate from this path or turn back. The exact pace of moving forward will depend entirely on the new data received." Harker does not have a vote this year. In his speech, he stated, "The overall fundamentals of our economy remain strong," but even so, "we are still in a very unstable period," which limits guidance on the future policy path.Harker pointed out that bringing inflation back to the 2% target will take longer than expected. He also noted that the labor market has stabilized and remains healthy, but there are increasing signs that low-income individuals are facing greater pressure, which concerns him.

ChainCatcher news, according to Jin Shi reports, the Trump administration's radical tariff policy may lead to further inflation, but economic models indicate that this will be a one-time increase in price levels rather than a long-term inflationary spiral.Wells Fargo economist Jay Bryson said this might persuade the Federal Reserve to be more patient in addressing inflation caused by tariffs, especially in the context of a continuing slowdown in the labor market. His view supports Wells Fargo's baseline expectation that the Federal Reserve will cut interest rates three more times this year, each by 25 basis points.However, Bryson warned that if the trade war becomes more protracted, such as through a series of tit-for-tat international reprisals, the Federal Reserve may have to take the inflationary consequences more seriously.

ChainCatcher News: U.S. President-elect Donald Trump stated that inflation is too high and continues to surge; interest rates are too high. Real estate development company Damac Properties will invest $20 billion in the U.S. to support the development of data centers.According to reports, Hussein Sajwani, founder and chairman of Damac Properties, stated that they would invest more if market opportunities allow. However, they are currently planning data centers worth $20 billion to meet the needs of large-scale enterprises for artificial intelligence and cloud services. (Jin Shi)

ChainCatcher news, according to Jinshi reports, driven by significant growth in the business services sector, job vacancies in the U.S. rose to a six-month high in November, while demand for employees in other industries has become more complex.The Job Openings and Labor Turnover Survey (JOLTS) released by the U.S. Bureau of Labor Statistics on Tuesday showed that vacancies increased from a revised 7.8 million in October to 8.1 million, exceeding all analysts' expectations. The growth was almost entirely driven by professional and business services as well as finance and insurance.The latest job vacancy figures indicate a easing of the downward trend seen over the past three years. The labor market now appears to be more stable, while inflation has also shown stubbornness in recent months, reducing expectations for the Federal Reserve to cut interest rates this year.After the data was released, traders no longer fully digested bets that the Federal Reserve would cut rates before July.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Barkin stated that the Federal Reserve is highly committed to achieving the 2% inflation target, and businesses affected by tariff changes must respond flexibly.

ChainCatcher news, according to Jin Shi reports, former senior economist of the Obama administration and current Harvard University professor Jason Furman believes that if the labor market remains healthy, the Federal Reserve may only cut the benchmark interest rate once this year.Jason Furman stated that the Federal Reserve has entered a new phase of "needing a reason" to lower interest rates. Last year, the Federal Reserve thought "everything was fine, so why not cut rates," but if the labor market remains healthy, considering concerns about the inflation outlook and uncertainty about whether interest rates are already at the optimal level to slow demand, a 25 basis point cut this year is the most likely scenario.However, Jason Furman added that if circumstances change and the unemployment rate begins to rise, "the Federal Reserve will intervene" and ease policies.

ChainCatcher message, Musk posted on X: "If dollar inflation is resolved, under the same conditions, the dollar price of buying cryptocurrencies will actually decrease. What matters is the ratio of the dollar to cryptocurrencies."

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Cook stated that the Federal Reserve can take a more cautious approach to interest rate cuts.Inflation is expected to gradually, but unevenly, decline to the 2% target. The labor market is more balanced, and the labor market is not a source of inflation; the risks of inflation and employment are "basically balanced."

ChainCatcher news, according to Jinshi reports, Chief Economist Cheng Shi of ICBC International stated at the 2025 China Chief Economist Forum Annual Meeting that the adjustment path of U.S. monetary policy in 2025 will be a "first urgent, then gradual" process. Currently, it is expected that the Federal Reserve will cut interest rates by about 50-75 basis points in 2025.Cheng Shi indicated that the re-inflation risks faced by the U.S. can be viewed from two dimensions: first, the current U.S. inflation is in a zone where it is easy to rise but difficult to fall, and there is very little room for further decline, making it quite challenging. In fact, there are many potential factors that could drive U.S. inflation upward. Second, the current market has formed an upward expectation for U.S. inflation, and inflation expectations tend to be self-fulfilling, which will create substantial upward pressure on inflation.

ChainCatcher message, according to a report by Grayscale Research, in the last quarter of 2024, the market capitalization of cryptocurrencies soared from $1 trillion to over $3 trillion, surpassing the total value of global inflation-linked bond markets. At certain moments, the market capitalization of cryptocurrencies was even twice that of the U.S. high-yield bond market.

ChainCatcher news, according to Cryptonews, reports that Venezuelans are "turning to cryptocurrency" to cope with inflation instead of relying on the dollar, according to the latest report. Experts say that stablecoin trading currently accounts for nearly half of the total cryptocurrency trading volume in Venezuela.Venezuelans are increasingly using Bitcoin (BTC) and other cryptocurrencies for convenient transactions, receiving remittances, and "avoiding the impact of the devaluation of the Bolívar currency." Although cryptocurrency exchanges are unregulated, the government "tolerates" their existence as they help to introduce foreign exchange.

ChainCatcher news, according to Jinshi reports, ECB board member Holzmann stated that the euro and energy will bring inflation risks. The European Central Bank may consider waiting longer before the next rate cut.

ChainCatcher news, the renowned journalist Nick Timiraos from the Wall Street Journal, known as the "voice of the Federal Reserve," recently stated that the Federal Reserve is trying to reassess the impact of the new Trump administration on the U.S. economy and inflation.According to insiders, Federal Reserve Chairman Powell is very dissatisfied with the public remarks of some Federal Reserve officials, as they more directly associate Federal Reserve policy with the policy changes proposed by Trump. Currently, the market generally believes that the Federal Reserve's future interest rate cuts may be slower, fewer, and more cautious. Analysts say that the uncertainty surrounding the Federal Reserve's interest rate cut prospects in 2025 is rising, and investors not only have to face the possibility that the Federal Reserve may pause rate cuts for a period of time but also the turmoil that the new Trump administration may bring.