TAI

Full statement from the Federal Reserve: Maintain interest rates unchanged, reiterate that inflation remains relatively high

ChainCatcher message, the full translation of the Federal Reserve's statement on policy is as follows: Recent indicators show that economic activity continues to expand robustly. In recent months, the unemployment rate has stabilized at a low level, and the labor market remains solid. Inflation is still at relatively high levels.The Committee's goal is to achieve maximum employment and a long-term inflation rate of 2%. The Committee believes that the risks to achieving employment and inflation goals are roughly balanced. There is uncertainty in the current economic outlook, and the Committee is closely monitoring risks that may affect its dual mandate.To support its policy objectives, the Committee decided to maintain the federal funds rate target range at 4.25%-4.5%. In considering whether to adjust the target range further in terms of magnitude and timing, the Committee will carefully assess the latest economic data, changes in the economic outlook, and the balance of risks. The Committee will continue to reduce its holdings of U.S. Treasuries, agency bonds, and agency mortgage-backed securities (MBS). The Committee is firmly committed to supporting maximum employment and restoring inflation to the 2% target.In assessing the appropriate monetary policy stance, the Committee will continue to pay attention to the impact of the latest information on the economic outlook. If risks emerge that could impede the Committee's ability to achieve its goals, the Committee will adjust its monetary policy stance in a timely manner. The Committee's assessment will take into account a wide range of information, including labor market conditions, inflation pressures and expectations, as well as developments in financial and international conditions.

Multiple institutions anticipate the Federal Reserve's interest rate decision, with "holding steady" becoming almost a certainty

ChainCatcher news, organized by Jinshi, several financial institutions have expressed their views on the upcoming Federal Reserve FOMC meeting:Standard Chartered Bank: It is expected to remain on hold this month, taking a wait-and-see approach on interest rate cuts, doubting that Powell would want the FOMC to take a more hawkish stance at this stage.Nordea Bank: It is expected to keep interest rates unchanged and wait for more data and information regarding President Trump's policies, with two rate cuts anticipated in May and September 2025.PIMCO: The Federal Reserve may "keep rates unchanged for the foreseeable future," and may even raise borrowing costs, as officials are waiting for clarity on Trump's policies.Goldman Sachs: This meeting is not expected to provide much new information and is unlikely to offer forward guidance for policy action in March, with rate cuts of 25 basis points anticipated in June and September this year.Bank of America: It is expected to keep rates unchanged, as economic data stabilizes, and may raise expectations for the labor market. Powell may retain maximum flexibility for the March policy decision.ING: It is expected that there will be no change in monetary policy. The rapid rise in government bond yields has significantly increased borrowing costs for consumers and businesses, predicting three rate cuts by the Federal Reserve in 2025.Rabobank: It is expected to keep rates unchanged, anticipating that Powell will take a cautious stance on further rate cuts while avoiding questions about the impact of Trump's policies on the Fed's rate path.JPMorgan Chase: It is expected to keep rates unchanged, without ruling out the possibility of action at the March meeting, focusing on whether and how the Fed will incorporate Trump's policies into its policy deliberations.Farm Credit: It is expected to maintain rates unchanged, with little likelihood of a hawkish surprise, and attention should be paid to how the Fed views the combination of Trump's policies and their impact on inflation and economic growth.EY: Data shows a robust economy, with inflation proving more stubborn than expected. It is expected to pause rate cuts this week to retain more options for further adjustments to the federal funds rate this year.

Taiko collaborates with DoraHacks to launch a large-scale anonymous community voting event based on MACI proposed by Vitalik

ChainCatcher message, the Ethereum L2 network Taiko is collaborating with the global geek movement platform DoraHacks to establish standards for community voting, providing the largest scale of anonymous community voting for a hackathon.Taiko's Grant Factory hackathon encourages developers to design projects that focus on providing innovative solutions, engaging and interesting applications, or generating positive social impact. After months of competition, the finalists will enter the final round of voting, marking a step towards greater community-driven decision-making.The Minimal Anti-Collusion Infrastructure (MACI), initially proposed by Ethereum co-founder Vitalik Buterin, is a mechanism that provides privacy and anti-collusion voting in community environments. Concerns about obstacles in traditional voting systems, such as fraud, collusion, and lack of privacy, prompted him to propose on-chain solutions to these issues.MACI uses zero-knowledge technology to ensure that votes remain confidential while maintaining integrity and preventing bribery or coercion. In a MACI round, there are two roles: operators and users. Users vote on-chain for the MACI smart contract through encrypted votes. These votes are timestamped on-chain, and only operators can see their votes, with results published after the voting is completed.
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