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ChainCatcher news, after Federal Reserve officials previously publicly disagreed on interest rate levels, market expectations for a Fed rate cut were generally skeptical. However, after New York Fed President Williams made comments supporting a rate cut, market sentiment shifted dramatically, with investors and economists generally believing that the Fed is highly likely to take rate-cutting action in December. Wells Fargo Chief Economist Tom Porcelli stated that the deteriorating labor market is sufficient justification for the Fed to cut rates. Official data shows that the unemployment rate in September has risen to 4.4%, the highest level in nearly four years. Deutsche Bank Chief US Economist Matthew Luzzetti bluntly said that the job market is still "in a precarious state." Vanguard Senior Economist Josh Hirt revealed that his personal judgment that the Fed will cut rates is primarily based on Williams' public remarks last Friday. Williams, as a close ally of Fed Chair Powell, explicitly advocated for a rate cut and stated that "there is still room for further adjustments to interest rates in the short term." This statement directly ignited the financial markets, with rate cut expectations soaring from nearly 40% a day earlier to over 70%. Josh Hirt pointed out that Williams' stance means that the three most influential Fed officials—Powell, Williams, and Fed Governor Waller—all support a new round of easing, forming a "very weighty camp that is hard to shake." Evercore ISI Global Policy and Central Bank Strategy Head Krishna Guha analyzed that the most direct interpretation of "in the short term" is the next meeting (i.e., the December meeting). He believes that signals sent by the Fed leadership "big three" are almost always approved by the Chair. Although consensus for a rate cut is rising, economists still expect some officials to vote against it at the meeting. Boston Fed President Collins and Dallas Fed President Logan have both expressed hesitation about further rate cuts. Former Cleveland Fed President Mester analyzed that Powell may use the December press conference to deliver a key message: this rate cut is an "insurance cut," and the Fed will then observe the economy's response. It is worth noting that due to the government shutdown, the Fed will not be able to obtain the latest employment and inflation data at this meeting.

ChainCatcher news, according to Cryptobriefing, Franklin Templeton's XRP ETF has received listing approval from the New York Stock Exchange Arca division and has been officially certified by the U.S. Securities and Exchange Commission. The fund will trade under the ticker XRPZ, with an annual fee rate of 0.19% of net asset value. Franklin plans to waive fees for the first 5 billions USD in assets, with the free period lasting until May 31, 2026. Previously, Canary Capital and Bitwise Asset Management launched spot XRP ETFs earlier this month.