ChainCatcher news, according to CoinDesk, due to the Federal Reserve's decision to cut the federal funds rate by 50 basis points a week ago, the debate over whether this rate cut represents a normalization of overly tight monetary policy aimed at curbing inflation or a preparation for an impending economic downturn has intensified.Risk assets, including Bitcoin and altcoins, rebounded after the Federal Reserve's decision, indicating that the market views this rate cut as a normalization measure. Some analysts predict that once Bitcoin breaks through the resistance level of $65,200, it will accelerate its rise.

ChainCatcher message, Goldman Sachs economist David Mericle said in a recent report: "We expect Powell to express more confidence in the inflation outlook and to emphasize the downside risks to the labor market more than he did in the press conference after the July FOMC meeting."Goldman's expectations for the Federal Reserve's interest rate outlook are broadly in line with the market: it expects the Fed to cut rates at each of the next three meetings, followed by a more aggressive easing, ultimately reducing the federal funds rate by about 200 basis points. The bank believes Powell will very vaguely preview this policy path at the Jackson Hole meeting. (Jin Shi)

ChainCatcher news, a Reuters survey shows that all 84 analysts surveyed expect the Federal Reserve to raise the federal funds rate by 50 basis points on December 14. Among 48 analysts, 35 believe that the next recession in the United States will be brief and mild, with the median probability of a recession in the U.S. one year from now stable at 60%, rising to 70% two years from now, up from 63% in the November survey. (Jin10)