ChainCatcher news, Sequoia Capital partner Roelof Botha posted on his social platform, "Seeing more and more regulators hurriedly imposing penalties and restrictions on businesses before the government is about to change. Their actions expose their illegitimacy. Widespread and erratic overregulation is stifling the U.S. economy."

ChainCatcher news, investment giant Pimco's Chief Investment Officer stated that Trump's economic plan could "add fuel to the fire" for the U.S. economy, forcing the Federal Reserve to stop cutting interest rates, thereby reversing the rise of U.S. stocks after Trump's victory. (Jin Ten)

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, this week is a busy week for economic data. The Fed's favored inflation indicator PCE data, the October non-farm payroll report, and the Q3 earnings reports from Apple, Google, Microsoft, Meta, and Amazon will determine the market direction at the start of November.According to 4E monitoring, last week the three major U.S. stock indexes had mixed performances. Tesla's stock price surged, pushing the Nasdaq up about 0.9%, marking its seventh consecutive week of gains and just a step away from its historical high. The S&P 500 fell 0.3% last week, and the Dow Jones dropped 2.6%, both ending a six-week winning streak. The cryptocurrency market saw significant declines last week, with Bitcoin priced at $67,668, down 2.18% over the past seven days, and Ethereum at $2,490, nearly 10% lower over the same period.In the forex commodities sector, the dollar index approached a three-month high on Friday, rising 0.8% last week and marking its fourth consecutive week of gains, while political uncertainty led to a 1.9% decline in the yen last week. Due to the instability in the Middle East and the U.S. election, along with global central bank rate cut expectations, spot gold reached a historical high for three consecutive days last week before giving back some gains, but still ended the week up over 0.9%, marking its sixth consecutive week of increases. The tense situation in the Middle East has pushed both U.S. and Brent crude oil prices up over 4% for the week.Recently, the market has increasingly anticipated a soft landing for the U.S. economy, and this week's series of economic data will test investors' bets. On Wednesday, the U.S. Q3 GDP estimate will be released, followed by the September PCE data on Thursday, and the October non-farm report on Friday. With the policy meeting approaching, Fed officials have once again entered their routine blackout period, and the market widely believes there is a high possibility of a 25 basis point rate cut. The influx of data combined with the approaching U.S. election will intensify market volatility. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and forex, recently launching a USDT stablecoin financial product with an annualized return 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 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, according to Jinshi reports, Bank of America CEO Brian Moynihan believes that if the United States does not balance its spending with economic growth, it will regret it. If this issue is not addressed, the U.S. may lose its "gold standard" status in the economy.He also stated that the debt issue is not something that can be handled in the first week of a new government taking office, nor is it a problem that the old government can continue to govern------it is a discipline issue that spans time.

ChainCatcher news, according to Bitcoin.com, JPMorgan CEO Jamie Dimon reiterated that a recession remains the most likely outcome for the U.S. economy, insisting that the probability of a "soft landing" is only 35% to 40%.In an interview with CNBC, Jamie Dimon emphasized the ongoing uncertainty facing the market, pointing out geopolitical issues, housing, deficits, spending, quantitative tightening, and elections, all of which can cause market panic. Despite his cautious stance, he acknowledged that the economy is performing better than expected.

ChainCatcher message, cryptocurrency analyst Alex Krüger posted on social media: "The current market crash is clearly driven by macro factors, rather than being specific to the cryptocurrency industry. Moreover, it is becoming increasingly clear that the main driving factor is not the collapse of the U.S. economy (discussions about a U.S. recession heated up after last Friday's employment data).It seems that the policy mistake was not the Federal Reserve's failure to cut rates quickly enough, but rather the Fed's decision not to cut rates when Japan raised its rates. This statement does seem a bit 'hindsight', and we now need U.S. economic data to confirm this.The chart shows the starting point of last week's sell-off, which was right after the FOMC statement last Wednesday. It coincided with the opening time of the Nikkei index.A financial crisis primarily triggered by a large number of Japanese leveraged speculators is much better than one caused by a recession in the U.S.As for U.S. data, the current focus is on the labor market, so special attention should be paid to this Thursday's initial jobless claims (which are usually not market-moving data), as well as the state employment data to be released on August 16 (State Employment data, which provides detailed state-level employment data and is rarely focused on by the market)."

ChainCatcher news, according to Decrypt, cryptocurrency research firm 10x Research analyst Markus Thielen pointed out that there have been some positive signs in the cryptocurrency market recently, including institutional interest in spot Bitcoin ETFs and the BTC price withstanding the impact of Mt. Gox's return of billions of dollars worth of Bitcoin.At the same time, 10x Research predicts that the recent decline in Bitcoin prices may just be the beginning of a larger drop, as the weak ISM report has impacted risk assets. Historically, when the ISM index peaks, Bitcoin tends to experience significant pullbacks (Note: The full English name of the ISM index is "Institute of Supply Management Manufacturing Index," which is an important data point released by the Institute for Supply Management that significantly reflects the prosperity of the U.S. economy and the trend of the U.S. dollar).10x Research noted that if the stock market follows the downward trend of the ISM index and even begins to anticipate an impending economic recession, the stock market could see significant declines in the coming quarters, which would also have a major negative impact on Bitcoin. If this occurs, Bitcoin prices could potentially return to the $50,000 level or even decline further.

ChainCatcher news, according to The Block, Coinbase released a weekly report stating that the U.S. economy may peak in the second quarter of 2024. If the U.S. economy subsequently falls into recession, retail investors may be reluctant to hold new stock or cryptocurrency positions.Additionally, the report noted that regardless of which candidate wins, the U.S. elections in November could trigger more fiscal expansion. "This is a strong incentive to buy Bitcoin as an alternative to the traditional financial system."