ChainCatcher news, according to Jinshi reports, "The decision to cut interest rates is an acknowledgment of the growing confidence that the inflation rate is likely to reach the Federal Reserve's 2% target—this confidence is partly based on signs that the labor market and product market have been tending toward balance in recent months," said Kansas City Fed President George in remarks prepared for a speech to the Omaha Chamber of Commerce.He stated that while the progress toward returning to the 2% target means that now is an appropriate time to cut rates, "how much further rates will decline or what they will ultimately settle at remains to be seen." On the current issue of federal government spending, George indicated that because the Federal Reserve will fulfill its responsibility to keep inflation at the established 2% target, large fiscal deficits will not trigger inflation.However, this may mean that "interest rates will remain elevated for an extended period," George said, which is why the Federal Reserve must maintain its independence when formulating monetary policy.

ChainCatcher news, Dogecoin co-founder Shibetoshi Nakamoto stated on X that if one wants to eliminate Dogecoin's inflation, they can directly modify the source code on GitHub and submit a pull request, persuading the community and miners to use the new version. He pointed out that the key code is on line 146 and hopes the community will not disturb him about this matter.Elon Musk subsequently stated: "I believe that the smooth inflation of Dogecoin (i.e., the gradually decreasing inflation rate) is a feature, not a bug."

ChainCatcher news, according to Jinshi reports, the pace of U.S. inflation slowdown seems to have lost momentum, which may raise questions about how aggressively the Federal Reserve will cut interest rates early next year. The market expects the U.S. CPI index for October to rise by 0.2% month-on-month, with some on Wall Street predicting a rise of 0.3%, which would match the largest increase in the past six months. Meanwhile, the year-on-year growth rate may rise from 2.4% to 2.6%, marking the first increase in eight months.However, even if the CPI inflation data for October is strong, Wall Street still expects the Federal Reserve to cut rates again at its last meeting of the year in December. But January of next year will be when doubts begin to intensify.

ChainCatcher news, according to Jinshi reports, the JPMorgan market team believes that inflation data is more likely to show signs of warming rather than cooling. Nevertheless, they think that this week's hotter data is unlikely to derail the risk appetite tone, and investors are also unlikely to fixate on a single data point, as there is one more CPI data release before the December Federal Reserve meeting.However, the team reminds investors that Powell has shifted the Federal Reserve's focus from the labor market to weighing the dual mandate of employment and inflation. "If CPI and even retail sales data show a stronger economic growth trajectory while also stimulating inflation, then we need to pay attention to what might happen in the future."In JPMorgan's view, investors are unlikely to shift to a cautious portfolio stance until they see the overall CPI year-on-year reaching 3.5% (which is a credible threat to the Federal Reserve). They believe that the Federal Reserve will only take tightening action if the inflation rate returns to or exceeds 4%.

ChainCatcher news, according to Jinshi reports, the initial value of the U.S. November one-year inflation rate expectation is 2.6%, expected 2.7%, previous value 2.7%.The initial value of the U.S. November five to ten-year inflation rate expectation is 3.1%, expected 3%, previous value 3%.

ChainCatcher news, among the 28 economists surveyed by The Wall Street Journal, 20 predict that the Bank of Korea will lower interest rates by 25 basis points to 3.25% at its meeting on Friday, while the remaining 8 expect the Bank of Korea to delay the rate cut until November. Economists at Capital Economics wrote in a report: "Given that inflation is below target and economic activity data shows further slowing, we expect the Bank of Korea to initiate an easing cycle at its scheduled monetary policy meeting (October 11)." South Korea's overall inflation rate slowed to 1.6%, a 43-month low, in September.

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Bowman reiterated previous comments on monetary policy, stating that the core inflation rate remains uncomfortably high above the 2% target.

ChainCatcher news reports that, according to Ember monitoring, Ethereum has recently shown signs of inflation. Data indicates that over the past four and a half months, the total supply of ETH has increased by 228,000 coins, valued at approximately $602 million, with an average daily increase of 1,652 coins. Since early April, due to a decrease in on-chain activity, ETH Gas fees have remained below 2 Gwei for an extended period, resulting in the token output exceeding the amount destroyed. The total supply of ETH has risen from 120,063,605 to 120,291,622.If this trend continues, the annual inflation amount is expected to reach 600,000 coins, valued at approximately $1.59 billion at current prices, with an inflation rate of 0.5%. Nevertheless, compared to other assets, an inflation rate of 0.5% is still considered relatively low.

ChainCatcher news, the initial value of the U.S. inflation rate expectations for the 5 to 10-year period in August is 3%, expected to be 2.90%, previous value 3.00%. (Jin Ten)

ChainCatcher news, Curve Finance officially announced that the inflation rate of CRV has been reduced to 6.35%, which is 375,000 CRV per day.

ChainCatcher news, 10x Research stated in its report that although the Federal Reserve's statement maintained flexibility and did not explicitly indicate a rate cut in September, Chairman Powell's comments during the subsequent Q&A session hinted at the possibility of a rate cut, depending on the expected decline in inflation.Previously, Powell indicated that the Federal Reserve would only begin to cut rates when multiple rate cuts were sufficiently clear. If the Federal Reserve continues to cut rates in September, there may be several more cuts, providing substantial stimulus to the financial markets, assuming the economy remains stable.According to its model, the inflation report set to be released on August 14 is expected to show the inflation rate dropping below 3.0%. From August to October, the market is entering a period with favorable year-on-year inflation comparisons.Additionally, gold prices have reached an all-time high, which could be a positive signal for Bitcoin.

ChainCatcher news, Federal Reserve Chairman Powell stated that he will continue to focus fully on the dual mandate.Significant progress has been made on both objectives over the past two years. There is a strong commitment to restoring the inflation rate to the 2% target. The labor market has become more balanced. (Jin Shi)

ChainCatcher message, 10x Research released a report stating that, based on historical analysis, Bitcoin's returns tend to remain flat in August and decline in September. However, the "tailwinds" from U.S. interest rate policy, decreasing inflation rates, and the election schedule may buffer the downward pressure from the $1 billion token unlock in August.While it is expected that Bitcoin will eventually break through, it is likely that Bitcoin will need "macro" assistance, namely anticipated rate cuts from the Federal Reserve or a further decline in inflation. Traders must watch Bitcoin closely as prices approach the upper range. The FOMC meeting on July 31 and the U.S. CPI report on August 14 will be crucial.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated in a speech that the Federal Reserve has made considerable progress on inflation and does not need the inflation rate to be below 2% before lowering interest rates.

ChainCatcher news, according to Cointelegraph, as local inflation rates soar, Argentina's cryptocurrency adoption rate has set a record in the Americas. Analysts say that Argentina has consistently led the Western Hemisphere in cryptocurrency adoption, with an annual inflation rate as high as 276%.In an article on July 8, Forbes analysts stated that Argentina's cryptocurrency adoption rate is higher than any other country in the Western Hemisphere in proportion to the global population. The report cited website data from Similarweb, noting that out of 130 million visitors to the world's 55 largest exchanges, 2.5 million came from Argentina.In terms of visitor numbers, Argentina is also the largest market for the world's largest cryptocurrency exchange, Binance. According to SimilarWeb data, traffic from Argentina accounts for 6.9% of Binance's total visits.

ChainCatcher news, L1 blockchain Flare posted on X that starting from July 4, 2024, at 19:00 (UTC), the FLR inflation rate will transition from 7% (current) to 5% (new) to achieve a more sustainable level.This change reduces the number of new FLR tokens minted each year, resulting in long-term supply scarcity. While delegation and staking rewards will be adjusted to reflect the lower inflation rate, FlareDrops will remain unaffected.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Williams stated that the recent inflation data is encouraging. It is expected that as inflation slows down, interest rates will gradually decrease.Politics will not affect the Federal Reserve's interest rate decisions. The inflation rate is returning to the Federal Reserve's target level of 2%.

ChainCatcher message, the proposal initiated by the AI project Autonolas to "reduce the recent inflation rate of OLAS" is now open for voting.The proposal details a revised inflation curve for the OLAS token supply over the next decade, aiming to postpone the increase in inflation to the future while balancing the distribution of tokens among staking, bonding, and developer rewards. Currently, Autonolas allows for a maximum issuance of 1 billion OLAS in the first ten years. In the existing model, the inflation in the 3rd year significantly increases to 71,239,135.50 tokens, raising concerns in the market.The new model suggests adjusting the inflation in the 3rd year to 40,400,000 tokens, postponing the higher inflation to the 5th and 6th years, with increases of 80,000,000 and 72,000,000 tokens respectively, to support network growth and innovation while maintaining a balance between inflation and demand.

ChainCatcher news, Astar Network founder Sota Watanabe posted on the X platform stating that the team has updated the protocol portal design and displayed the actual ASTR inflation rate. It was previously around 10%, but now it is 2.6%.