ChainCatcher news, according to Jinshi reports, the financial website Forexlive evaluates the U.S. PCE data: estimates based on the Consumer Price Index and other data indicate that for the 12 months ending in November, the PCE price index rose by 2.4% year-on-year, while the core PCE, excluding the more volatile food and energy categories, rose by 2.8% year-on-year.This is an unexpectedly comprehensive cooling report, the dollar is being sold off, while bonds are rebounding.

ChainCatcher news, according to analysis reports from foreign media, the increase in government spending in the UK has cast a shadow over the outlook for price pressures. The Bank of England, after cutting interest rates by 25 basis points as expected, also stated that if the economy develops as anticipated, borrowing costs may continue to gradually decline, which confirms market pricing that this is the last rate cut of 2024. (Jin Ten)

ChainCatcher news, the word "tariff" has not yet appeared in Trump's victory speech, but he promised during his campaign that tariffs would be an important part of his economic strategy towards allies and competitors. Analysts have expressed their views on the tensions in Europe.ING wrote: "European politicians will wake up to face their fears. Trump's trade agenda regarding a 'level playing field' will severely impact the open economies of the European continent." The Kiel Institute for the World Economy stated: "Trump's economic policy measures may include protectionist tariffs and import restrictions, which will put further pressure on growth in Germany and Europe." Deutsche Bank Research noted: "European stock futures are lower today, and European bond futures are much flatter than U.S. bonds. If the results continue in this direction, the likelihood of the European Central Bank being forced to accelerate rate cuts will increase."

ChainCatcher message, Royal Bank of Canada Chief Economist Su-Lin Ong stated that strong public demand has been a characteristic of the Australian economy for many years, with public demand currently accounting for about 28% of GDP, up from 19% a decade ago.She added that this spending has driven significant growth in government sector employment while also intensifying wage pressures. She mentioned that starting from May 2025, the Reserve Bank of Australia will eventually begin to cut interest rates, and these domestic fundamentals suggest a more moderate easing cycle of 50 basis points. She further noted that changes in the labor market next year will largely determine this. Currently, she expects a total rate cut of 75 basis points.

ChainCatcher news, Bitget's chief analyst Ryan Lee stated in a report on October 18: "By the end of this year, the price of XRP may fluctuate between $0.50 and $0.80, but this prediction largely depends on regulatory developments and changes in sentiment, especially in the U.S. market." He believes that this hesitation, as the market awaits more concrete outcomes, could lead to short-term price fluctuations for XRP.

ChainCatcher news, investors are betting that the Federal Reserve will make a significant rate cut this week, but they are likely to be disappointed as the performance of the U.S. economy does not warrant aggressive rate cuts.According to CME's FedWatch Tool, current U.S. interest rate futures prices show a 65% chance of a 50 basis point cut and a potential total cut of 116 basis points this year. However, a series of economic data released on Tuesday prompted the Atlanta Fed to raise its forecast for U.S. GDP growth in the third quarter from 2.6% to 3.0%, indicating that the economy is not as bad as it seems. After weighing all factors, the Fed may cut rates by 25 basis points, and Powell may reiterate a data-dependent approach. The Fed's dot plot is unlikely to confirm the current aggressive pricing for rapid rate cuts, but rather show a more measured pace of rate reductions. This could be interpreted as a "hawkish cut," forcing investors who hastily bet on significant rate cuts to cover their positions. (Jin Shi)

ChainCatcher news, according to foreign media analysis reports, if the likelihood of Democratic presidential candidate Harris winning the U.S. presidential election continues to increase, the dollar may weaken. Harris's victory could be much less disruptive to the market than a victory by Republican presidential candidate Trump. Therefore, if the chances of Harris winning in November continue to grow, risk appetite may rise, thereby harming the safe-haven dollar. (Jin Ten)

ChainCatcher news, according to analysis reports from foreign media, the recent weeks of sell-off led by technology stocks have injected panic into the buying-on-dips sentiment that has dominated most regions globally since the pandemic low, indicating that stock market return expectations will be significantly adjusted before the end of the year. Multiple market indicators are approaching bearish milestones as concerns grow that the global economy is beginning a major reset, with the U.S. possibly entering a recession, the Bank of Japan tightening policies leading to the collapse of yen carry trades, and escalating tensions in the Middle East. (Jin Ten)

ChainCatcher news, QCP Capital stated in its latest market analysis that the macro backdrop has become more optimistic over the past week, believing that cryptocurrencies have bottomed out.QCP Capital maintains a bullish outlook for the following reasons:Last week's labor data was weak, and even Powell's testimony in the Senate reiterated that market conditions are progressing towards the ultimate goal.Despite the German police selling over 6,000 bitcoins and the Mt Gox release hanging over like the sword of Damocles, Bitcoin formed a double bottom and did not drop below $54,000.The lower CPI data to be released tomorrow may ultimately solidify the Fed's decision to cut rates in September and December.The surge in S-1 amendment submissions for ETH spot ETFs may also indicate that trading is about to begin. We believe this will happen this month, especially if applicants announce their fee structures.