ChainCatcher message, Federal Reserve Chairman Powell stated in response to whether the Federal Reserve is concerned about new government officials suggesting changes to key indicators such as GDP and the dissolution of the Economic Advisory Council that the U.S. economic data provided by government agencies like the Department of Labor and the Department of Commerce is crucial to the Federal Reserve's mission and is the "gold standard" in the world.

ChainCatcher news, Wintermute trader Jake O stated on social media that the cryptocurrency market can no longer trade in isolation and is currently in a macro-driven market environment.Jake O pointed out that this trend has repeatedly appeared throughout the market cycle, although it is not persistent, especially when the market fear index (VIX) is above 20. In this market environment, investors should pay extra attention to U.S. economic data and the dominant narratives in the market—currently mainly focused on tariff issues, which will drive marginal capital flows.

ChainCatcher news, affected by the Thanksgiving holiday in the United States (Thursday), some economic data and events in the U.S. will be released earlier.In terms of data, the number of initial jobless claims in the U.S. and the revised GDP for the third quarter will be released earlier at 21:30 Beijing time on November 27 (Wednesday), and the monthly PCE inflation data, which is favored by the Federal Reserve, will be released earlier at 23:00 Beijing time on November 27 (Wednesday). In terms of events, the minutes of the Federal Reserve's November monetary policy meeting will be released earlier at 03:00 Beijing time on November 27 (Wednesday).

ChainCatcher news, last week the U.S. September CPI and PPI data were released one after another, sending somewhat mixed signals to the market. However, the overall data reflects that inflationary pressures still exist, and a 25 basis point rate cut by the Federal Reserve next month has almost become a certainty.According to 4E monitoring, last Friday's unexpectedly flat PPI data led to a collective rise in the three major U.S. stock indices, with both the Dow Jones and S&P 500 indices hitting intraday all-time highs. Last week, the Dow rose 1.21%, the S&P 500 gained 1.11%, and the Nasdaq increased by 1.13%, marking the fifth consecutive week of gains for all three indices. The cryptocurrency market followed the rise in U.S. stocks, with Bitcoin climbing back above $62,000, closing at $62,659, with a weekly decline narrowing to 1.82%. Ethereum was reported at $2,455, with a weekly decline narrowing to 1.47%.In the forex commodities sector, the U.S. dollar index continued to rebound last week, rising 0.4%, leading to declines in most non-U.S. currencies. Affected by the escalating tensions in the Middle East, international oil prices rose for the second consecutive week, with U.S. oil gaining 1.6% over the week and Brent oil rising 1.3%. The fluctuating dollar also drove spot gold further towards its historical high, with a slight increase over the week; COMEX gold futures were reported at $2,674.2 per ounce, with a cumulative increase of 0.04% for the week.This week, U.S. economic data is relatively calm, and corporate earnings reports may become a bigger focus. As the new earnings season kicks off, U.S. stocks may face tests. Recently, the most dangerous news for the cryptocurrency market is the possibility of the U.S. government selling 69,000 Bitcoins (approximately $4.2 billion). Additionally, with only a few weeks until the U.S. elections, the tight election situation adds a lot of uncertainty to the market.eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and forex. Recently, it launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher news, data released on Thursday showed that the U.S. economy once again highlighted unexpected resilience, alleviating market concerns about the economy. At the same time, boosted by China's unexpected policy measures, global financial markets surged.According to 4E observations, the three major U.S. stock indices rose, with the S&P 500 index closing up 0.40%, reaching a new historical high; the Dow Jones rose 0.62%, and the tech-heavy Nasdaq rose 0.60%. Chinese concept stocks soared, with the Nasdaq Golden Dragon China Index rising 10.9%. Non-U.S. currencies generally rose, while the yen resumed its downward trend; cryptocurrencies surged across the board, with Bitcoin up 2.56%, breaking through $65,000, and Ethereum rising 0.96%.Gold, silver, and copper all soared, as major central banks such as those in the U.S. and China cut interest rates, coupled with ongoing tensions in the Middle East. Spot gold's intraday gains expanded to 1%, once again setting a new historical high, up nearly 30% this year; under China's stimulus policies, silver, a key industrial material, rose over 2.5%, reaching a 12-year high, and has increased 37% year-to-date.With global central banks cutting interest rates in succession and China's "policy package" igniting global optimism, combined with resilient U.S. economic data, investor risk appetite has risen. 4E is a financial trading platform supporting assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. This Friday evening, the U.S. core PCE price index will be released, providing further key clues for the Federal Reserve's interest rate cuts. 4E reminds you to pay attention to market volatility risks and to allocate assets appropriately.

ChainCatcher news, according to Jinshi reports, Birgit Henseler, an analyst at the German Central Cooperative Bank, stated that there is still a divergence in the money market regarding the Federal Reserve's first rate cut, which is expected to be between 25 basis points and 50 basis points, but there are several reasons indicating that the Federal Reserve should not take significant action.In a report, she stated, "Neither the labor market data nor the recently released inflation rate shows any signs that a substantial rate cut is necessary." Henseler said that the state of the labor market indicates an economic slowdown rather than a recession, and the core inflation rate has recently proven to be more stubborn than many market participants expected, due to rising housing and other service costs.