ChainCatcher news, on the 20th, Hong Yixin, President and CEO of State Street Global Advisors, attended the International Financial Leaders Investment Summit and stated that this year the global stock market has recorded growth, inflation is slowing down, and central banks around the world are cutting interest rates. Therefore, looking ahead to 2025, the global economy is expected to continue its soft landing, and there is optimism about global economic growth.In addition, she expects that the profits of American technology companies will continue to rise. Although U.S. stocks are currently recording growth, there is still room for further increases in the future, so she is very optimistic about the U.S. stock market; she is also optimistic about European and emerging market stocks, as a weaker dollar is a favorable factor for emerging markets. At the same time, she anticipates that the Federal Reserve will cut interest rates again next month, but will lower its forecast for the number of rate cuts in 2025 to three times, with rates possibly dropping to 3.75% by the end of next year.

ChainCatcher news, a report from CICC states that the annualized quarter-on-quarter real GDP growth rate for the United States in Q3 2024 is 2.8%, slightly lower than the market expectation of 3.0%, and a slight decline from 3.0% in Q2, but still a remarkable result. In terms of components, personal consumption expenditures are strong, corporate equipment investment is expanding, and exports and government spending are accelerating, indicating that the U.S. economic growth remains healthy. Relatively weaker are real estate investment and construction investment, showing that high interest rates are still having a suppressive effect.In addition, inflation further declined in Q3, suggesting that the U.S. economy is heading towards a soft landing. We believe that the Federal Reserve does not need to make significant rate cuts for now, expecting a 25 basis point cut next week, while whether to skip a rate cut in December will depend on inflation developments.

ChainCatcher news, UBS predicts that the U.S. economy will experience a "no landing" scenario, where economic growth continues and inflation remains stable, breaking the recession forecast. Due to stronger-than-expected employment data and GDP growth, UBS expects the elections to trigger market volatility, but as the Federal Reserve moves towards rate cuts, economic momentum and the trend of artificial intelligence will support a rise in the stock market.

ChainCatcher News: The U.S. Department of Commerce announced yesterday that September retail sales exceeded expectations with a month-on-month increase of 0.4%, highlighting the resilience of U.S. consumer spending, which continues to provide strong momentum for the U.S. economy. A series of robust economic data recently has reinforced market expectations for only a 25 basis point rate cut.According to 4E monitoring, after the data release, U.S. stocks opened higher but then fell, with the S&P reaching a new intraday high before turning down, and the Nasdaq also nearly erasing its early gains. However, the Dow Jones reached new intraday and closing highs, marking two consecutive days of gains. By the close, the S&P 500 was down 0.02%, the Nasdaq was up 0.04%, and the Dow was up 0.37%. The cryptocurrency market followed U.S. stocks with slight fluctuations; at the time of writing, Bitcoin was at 67,972, up 0.8%, and Ethereum was at 2,632, up 0.43%.In the forex and commodities sector, positive economic data pushed the U.S. dollar index to an 11-week high, rebounding 3.34% since October. The European Central Bank is expected to cut rates on Thursday, causing the euro to decline for four consecutive days to an 11-week low. Last week, U.S. EIA crude oil inventories unexpectedly decreased, indicating strong demand, which led to a rise of about 0.40% in international oil prices, halting a four-day decline and moving away from two-week lows. Spot gold benefited from uncertainties surrounding the U.S. elections and expectations of more monetary policy easing, approaching 2,700 dollars, setting a new historical high, with an increase of over 30% this year.Recent data shows that retail sales continue to grow, with better-than-expected non-farm payroll data, a stronger-than-expected unemployment rate, and a recent cooling trend in initial jobless claims. Coupled with the steady decline in U.S. inflation and the upward revision of long-term GDP growth rates beyond expectations, this provides strong support for the "soft landing" logic of the U.S. economy. Meanwhile, a new round of global rate cuts is accelerating, significantly improving financial market sentiment and generally increasing investors' risk appetite. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and forex. It recently launched a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher message, trader Eugene Ng Ah Sio posted on X: "It's usually not a price target, so I will provide a price range at the end of the cycle (assuming Trump wins the election + (U.S. economy) soft landing):BTC: $100,000 - $200,000;ETH: $4,000 - $6,000;SOL: $500 - $1,000;Total cryptocurrency market cap: $5 - $10 trillion."

ChainCatcher news, last week, Federal Reserve Chairman Powell's decision to cut interest rates by 50 basis points was seen as a "show of strength." Nick Timiraos, a reporter for the Wall Street Journal known as a mouthpiece for the Fed, stated that whether the Fed's rate cut can achieve a soft landing for the economy depends not only on how much weakness exists within the U.S. economy but also on whether lower borrowing costs can stimulate new investment and spending to offset any economic slowdown.Timiraos believes that the Fed faces the risk that the current easing cycle may encounter challenges in transmitting to the broader economy similar to those faced during the Fed's recent rate hike cycle. Last week, the Fed lowered its short-term benchmark interest rate by 50 basis points to a range of 4.75% to 5%. Most officials expect another 50 basis point cut by the end of December, which would bring the benchmark rate down to a range of 4.25% to 4.5%. (Jin Shi)

ChainCatcher news, Bank of America’s renowned strategist Hartnett pointed out that the current market reaction to a 50 basis point rate cut by the Federal Reserve seems to be following the script of "soft landing" or "panic rate cuts." The U.S. stock and credit markets are digesting expectations of a 250 basis point rate cut by the Federal Reserve by the end of 2025, along with an 18% growth in earnings for S&P 500 constituents. "The risks haven't improved much, so investors are forced to chase the 'uptrend,' and the 'bubble risk' is making a comeback."Regarding the reasons for this euphoric rise, Hartnett explained in his latest report that when there is no panic (at least not yet), Wall Street's favorite is "panic rate cuts." At the same time, the Federal Reserve hopes to cut rates by 50 basis points so that real interest rates can decline from their highest levels this century, preventing layoffs in the small business sector that is already in recession.

ChainCatcher message, CICC research report points out that, from the perspective of the interest rate decision, the Federal Reserve has taken a more aggressive cut of 50 basis points than we expected. The monetary policy statement indicates that recent inflation data has given decision-makers more confidence in achieving the 2% inflation target. The Fed's actions suggest that its reaction function has completely shifted from focusing on inflation to focusing on employment.We see this as a signal that the Fed has a low tolerance for rising unemployment rates, and officials do not want to risk undermining the favorable prospect of a "soft landing." Based on Powell's statements, we believe that any unemployment rate exceeding 4.4% in the future could trigger further rate cuts. This also indicates that the Fed will maintain a "dovish" stance until employment market data stabilizes. Looking ahead, the likelihood of a soft landing for the economy in the short term will further increase due to the Fed's more significant rate cuts.

ChainCatcher News: U.S. Treasury Secretary Yellen stated that the U.S. economy is in good shape, and the cooler employment data in recent months indicates that the economy is undergoing a soft landing rather than a recession. Yellen mentioned that there have been no significant layoffs in the U.S., and the economy is experiencing a "deep recovery."

ChainCatcher message, Citibank stated in a research report on Friday that since the launch of spot Ethereum exchange-traded funds (ETFs) in the U.S. on July 23, the cryptocurrency market has been struggling.The bank noted that during this period, other risk assets have also performed poorly, but after adjusting for volatility, cryptocurrencies have underperformed since the rebound in non-farm payroll (NFP) data. Citibank stated that unless the market gains more clarity on the "soft landing versus hard landing outcomes" for the U.S. economy, ETF liquidity may continue to be disappointing.

ChainCatcher news, according to the official documentation of Zeus Network, the new landing page (UI/UX) for the first permissionless cross-chain liquid staking protocol APOLLO built on Zeus Network will be launched on April 20. The highlight of this update is the introduction of a rewards calculator.It is reported that since its establishment in late March 2024, APOLLO has successfully interacted with over 77,000 independent users.

ChainCatcher news, the liquidity aggregation investment strategy protocol Doubler announced on platform X that its Doubler Eyes on-chain address election activity has begun, with the following rules:Participation method: Send native tokens worth no more than $5 to the activity addressActivity time: April 9th, 10:00 AM (UTC) - April 12th, 10:00 AM (UTC)Statistics method: The total asset balance of all participating wallet addressesIn addition, at the end of the activity, the total assets of wallet addresses that conducted transfers on each chain will be counted, and the chain with the highest accumulated assets will become the birthplace of Doubler Eyes.

ChainCatcher news, Jupiter co-founder meow posted on social media to introduce the J.U.P. plan that Jupiter will launch, product updates, and to present the first batch of candidate projects for the platform.In February, Jupiter will launch the DAO, providing operational funding and participation incentives; introduce the first batch of LFG Launchpad candidate projects to the community; and roll out a series of updates across the product line. Additionally, Jupiter has stabilized the price fluctuations of the DLMM (Dynamic Liquidity Market Maker) launch pool, providing a redemption channel for airdrop recipients and early buyers. Currently, Jupiter's liquidity position is approximately 96,164,550.29 JUP and 69,927,955.07 USDC. In the coming months, Jupiter will gradually withdraw USDC, ensuring price discovery while demonstrating the team's commitment to a long-term gradual divestment to all participants.The J.U.P. plan includes three core components: Jup.ag exchange, JUP governance token, and the J.U.P. community, ecological working groups, and DAO. Jupiter DAO will initially focus on assessing and approving Launchpad projects, approving working group budgets, granting approvals, and releasing budgets for ongoing community and ecosystem initiatives. To encourage participation in the DAO, all Launchpad fees issued in JUP (100 million JUP) will be allocated to governance participants within the first six months as governance incentives. Jupiter also plans to introduce three original projects to interact with the community through social media and community channels, share plans, and potentially issue their tokens. These projects include sanctumso, SharkyFi, and deBridgeFinance, which are dedicated to innovative liquidity solutions, NFT collateral platforms, and cross-chain infrastructure development, respectively.