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No results1Bitget Daily Report (October 29)｜Fed to Announce Rate Decision; Market Expects 25bp Cut; Visa Adds Multi-Chain Stablecoin Payments; Western Union to Launch Stablecoin on Solana2ARB/USDT Surges Amid Arbitrum Liquidity Influx and Rising On-Chain Trading Activity3DASH Rises Above $40–$42 Support, Eyes $60–$65 Breakout Momentum
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- 19:02Powell: Core personal consumption expenditures excluding tariffs may be 2.3% or 2.4%Jinse Finance reported that Federal Reserve Chairman Powell stated that the core personal consumption expenditure, excluding tariffs, may be 2.3% or 2.4%. Data center investment and artificial intelligence are big businesses, and their spending is relatively less sensitive to interest rates; the data center boom may not reflect loose financial conditions.
- 19:01Powell: Inflation excluding the impact of tariffs may only be 0.5% to 0.6% higher than the 2% target.Jinse Finance reported that Federal Reserve Chairman Jerome Powell stated that monetary policy remains moderately restrictive, and non-tariff inflation is not far from the Fed's 2% target, possibly only 0.5% to 0.6% higher; he is firmly committed to bringing the inflation rate back to 2%.
- 18:56Analyst: Data Gaps May Hinder the Federal Reserve's December Rate Cut PathJinse Finance reported that Inflation Insights analyst Omair Sharif believes a U.S. government shutdown and the resulting lack of official economic data could hinder the Federal Reserve's plan for a third consecutive rate cut in December. If there is no official data reflecting economic activity in October and November when the meeting is held on December 10, officials may not feel confident enough to cut rates again. It may be difficult for them to reach a consensus on another rate cut, especially considering the internal divisions within the FOMC shown in the September dot plot.