ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Goolsbee emphasized in his latest speech that the Federal Reserve's commitment to the 2% inflation target is "rock solid," and stated that if market inflation expectations rise, the Federal Reserve will have to take action.Regarding the prospects for interest rate cuts, Goolsbee pointed out that an economic slowdown would become a reason for rate cuts, but if inflation exceeds tariff levels or expectations, the Federal Reserve would have to adjust its outlook. He warned that the longer the Federal Reserve waits, the more likely it is that rate cuts will need to be delayed, stating that "waiting may come at a cost."Goolsbee acknowledged that it is "not realistic" to understand interest rate trends at the moment, and indicated that the Federal Reserve needs to consider the impact of tariffs, upcoming tax cuts, and other factors. He emphasized that the unemployment rate and inflation do reflect the Federal Reserve's progress in achieving its dual mandate, while also noting that "the current economy remains very strong."

ChainCatcher news, according to CoinDesk, Japan's latest core inflation data has exceeded market expectations, sparking discussions about the possibility of the Bank of Japan (BOJ) raising interest rates, which could impact risk assets including cryptocurrencies. The data shows that Japan's core CPI rose 3% year-on-year in February, down from 3.2% in January but still above the market expectation of 2.9%. Meanwhile, Japan's overall CPI fell from 4% to 3.7%, but still far exceeds the BOJ's target inflation rate of 2%.Since November 2024, Japan's inflation rate has consistently been higher than that of the United States, currently exceeding by nearly 100 basis points, marking the largest gap since 2015. Coupled with the wage pressure from the "Shunto" spring labor negotiations, market expectations for a BOJ interest rate hike have intensified. The anticipation of a rate hike has strengthened the yen, but if the yen appreciates significantly, it may trigger market risk aversion, thereby putting pressure on risk assets like Bitcoin.As of the time of writing, the USD/JPY exchange rate is 149.22, having rebounded nearly 300 basis points since March 11, indicating a short-term weakening of the yen. However, the yield spread between U.S. and Japanese 10-year government bonds has narrowed, with Japanese 10-year bond yields maintaining above 1.5% and 30-year bond yields breaking 2.5%, both at multi-decade highs, which may support a stronger yen. The market is focused on the future direction of BOJ policy and its impact on global financial markets.

ChainCatcher news, Min Joo Kang, a senior economist for Korea and Japan at ING, stated in a research report that the core inflation data released by Japan earlier today supports the Bank of Japan's decision to raise interest rates at the two-day meeting that ended on May 1.The core inflation rate (excluding fresh food and energy) is closely monitored by the central bank, and in February, this indicator rose slightly from 2.5% in January to 2.6%. The economist noted that although the core inflation rate is in line with market consensus, it marks the fifth consecutive month of growth. He added that the data also shows a steady increase in service prices month-on-month, which could be a reason to support the Bank of Japan's interest rate hike.

ChainCatcher message, Federal Reserve Chairman Powell: If inflation subsides on its own, there should be no tightening of monetary policy.

ChainCatcher news, 10x Research CEO Markus Thielen stated that despite widespread concerns among investors, Bitcoin may be poised to rebound above $90,000 due to easing worries about U.S. inflation. He added, "Given that prices are oversold, we can see some counter-trend rebounds, and the Federal Reserve is likely to take a moderately dovish stance, which is some fine-tuning by policymakers. This could keep BTC in a broader consolidation range, but it is entirely possible to return to $90,000."Nexo analyst Iliya Kalchev noted that traders and investors will be watching for any news regarding the end of the Federal Reserve's quantitative tightening (QT) plan, as this move could increase liquidity. The upcoming decision by the Fed may be a major catalyst for further momentum, and if Chairman Powell takes a dovish stance, Bitcoin could soar in a new bullish trend.

ChainCatcher news, Frederik Ducrozet, head of macroeconomic research at Pictet Wealth Management, stated in a report that the Federal Reserve is expected to keep interest rates unchanged at tonight's meeting, and Fed Chair Powell may reiterate that there is no rush to cut rates. It is anticipated that the Fed will lower its GDP forecast for 2025, raise its inflation forecast, and acknowledge increased uncertainty.The dot plot is expected to show that the median expectation for two rate cuts this year remains unchanged, with risks leaning towards one rate cut. The Fed is expected to cut rates once in June, and due to inflation accelerating again, there will be no further cuts in 2025.

ChainCatcher message, "Federal Reserve mouthpiece" Nick Timiraos stated, "The central bank can cut rates based on good news or bad news. The opportunity for a 'good' rate cut is closing due to new inflation risks. I expect the Federal Reserve to remain on hold for the next six months and not take too much action."

ChainCatcher news, according to Jinshi, Lazard's Chief Market Strategist Temple said that due to inflation risks, Lazard still expects the Federal Reserve will not cut interest rates in 2025.He stated that Lazard's view significantly differs from the market consensus, which generally anticipates three rate cuts this year. Temple said, "My view is not in line with the consensus because I expect that by 2025, U.S. tariffs will expand in scope and scale, driving up inflation."He mentioned that a renewed acceleration of inflation may not necessarily lead to rate hikes, but rising price pressures could prevent the Federal Reserve from easing policy in the face of rising unemployment.

ChainCatcher news, John Velis, a strategist at Mellon Bank, stated that the decline in the University of Michigan Consumer Confidence Index is "disheartening." He noted that the rise in long-term inflation expectations is particularly concerning, as long-term inflation expectations had previously remained relatively stable. With consumer confidence wavering, weakened demand may begin to manifest in the real economy, a phenomenon that has already appeared in some sectors such as air travel. According to inflation data released this week, air travel prices fell in February. Regarding the consumer confidence survey, Velis said, "A lot of cyclical evidence suggests that these indicators are not very good predictors, but you cannot ignore the overall decline and the reasons behind it."

ChainCatcher news, according to Jinshi reports, the initial value of the U.S. one-year inflation rate expectation for March is 4.9%, expected 4.2%, previous value 4.30%.In addition, the initial value of the U.S. five to ten-year inflation rate expectation for March is 3.9%, expected 3.4%, previous value 3.50%.The initial value of the U.S. Michigan University Consumer Confidence Index for March is 57.9, expected 63.1, previous value 64.7.

ChainCatcher news, according to Jin10 data reports, multiple Wall Street economists have stated that policymakers are unlikely to feel overly reassured by these numbers due to the complex calculations behind the data and trends in key areas.Bank of America economist Stephen Juneau stated in a report, "In short, the inflation process for 2025 is off to a rocky start, and our forecast for the Personal Consumption Expenditures (PCE) inflation further confirms our view that inflation is unlikely to fall to a level that would prompt the Federal Reserve to cut rates this year, especially in the context of policy changes pushing inflation higher. Unless economic activity data weakens significantly, we believe the policy rate will remain unchanged by the end of the year."Although the Federal Reserve also pays attention to CPI and PPI, it believes that the final say on inflation belongs to the PCE price index. Most economists expect that the latest PCE data, to be released later this month, will show that the year-on-year inflation rate is at best stable at 2.6%, and may even rise slightly, further distancing itself from the Federal Reserve's 2% target.

ChainCatcher News: The U.S. February CPI year-on-year growth rate has dropped to a new low since last November, and the core CPI year-on-year growth rate has reached a four-year low. Inflation is below expectations across the board, easing concerns about "stagflation." Traders have increased bets on interest rate cuts, and market risk appetite is warming up.According to 4E monitoring, the three major U.S. stock indices showed mixed performance: the Dow Jones fell by 0.20%, the S&P 500 rose by 0.49%, and the tech-heavy Nasdaq surged over 1.2%, driven by a strong rebound in tech stocks, with Tesla soaring over 7% and Nvidia rising over 6%. However, the market remains concerned that the slowdown in inflation may be temporary, as the Dow has seen three consecutive declines and the limited gains in the S&P reflect cautious market sentiment.The cryptocurrency market is warming up, with Bitcoin spiking to $84,539 at the moment the CPI was announced, then retreating to around $80,000 for support, and continuing to rebound. As of the time of writing, it has risen to $84,000, with a 24-hour increase of 2%. Other major tokens have also seen slight increases, while Ethereum remains relatively sluggish, striving to stay above $1,900. BNB has risen by 4.95% due to a $2 billion investment boost from Abu Dhabi.In the forex and commodities sector, the dollar has seen a slight rebound supported by the slowdown in inflation, ending a previous seven-day decline. Oil demand has strengthened, pushing U.S. oil prices up by over 2.1%. Uncertainty over tariffs and the cooling of inflation have contributed to a rise in gold prices, with spot gold increasing by 0.62% at the close.Although the improvement in inflation opens a window for the Federal Reserve to cut rates, the uncertainty surrounding trade policy raises doubts about the inflation outlook. The market expects the Federal Reserve to maintain interest rates at the March 19 decision, with CME FedWatch indicating that traders anticipate possible rate cuts in June and September. Investors are focused on tonight's PPI and initial jobless claims data.

ChainCatcher news, CICC's research report states that the U.S. core and total CPI inflation both fell in February, both below market expectations.From a breakdown perspective, oil prices and airfare prices have significantly cooled, reflecting weakened economic demand. Overall, rent remains moderate, and the increase in core commodity prices has slowed. Looking ahead, CICC believes that the slowdown in demand is conducive to curbing inflation, and the real estate and labor markets may not become sources of inflation by 2025. However, tariffs may push up short-term price levels, enhancing the stickiness of inflation. The Federal Reserve will not rush to cut interest rates and will wait for clarity on tariff policies before taking action. CICC maintains its previous judgment that the next rate cut may have to wait until the third quarter.

ChainCatcher news, according to Jinshi reports, U.S. President Trump stated that the latest inflation data is very good news.

ChainCatcher news, according to Jinshi reports, Tickmill analyst Joseph Dahrieh stated in a report that the U.S. CPI inflation data could cause U.S. Treasury yields to move in either direction. A higher-than-expected CPI could boost yields and ease recent expectations for a Federal Reserve rate cut.Conversely, soft inflation data would lead to a decline in yields. He also mentioned that recent progress towards a potential ceasefire between Ukraine and Russia would help enhance risk appetite. Currently, institutional surveys of analysts indicate that the overall and core inflation rates in the U.S. for February are expected to decline slightly.

ChainCatcher news, according to a report by Reuters, BlackRock CEO Larry Fink stated at the CERAWeek energy conference that America's nationalist policies, including mass deportations of immigrants, will lead to rising inflation.He pointed out that costs will continue to rise in the next 6 to 9 months, and the market is underestimating the inflation risks. Fink specifically mentioned that deportations could impact agricultural production and lead to a shortage of electricians and other skilled workers for AI data center construction.In addition, he warned that the high tariffs planned by the Trump administration could increase import costs and questioned the economic toll of these policies.

ChainCatcher news, according to Jinshi reports, today, anxiety over the U.S. economy has driven the dollar down to a five-month low against a basket of major currencies. The dollar index hit its lowest level since mid-October, falling 0.5% to 103.329 at one point. Jefferies analyst Brad Bechtel told clients: "We know the routine here, concerns about U.S. growth have pushed us (the dollar index) down to 100, while inflation worries have brought us back up to 108."