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- 22:19The probability of a Fed rate cut in September is 87.8%.According to Jinse Finance, CME "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in September is 12.2%, while the probability of a 25 basis point rate cut is 87.8%. The probability of the Federal Reserve keeping interest rates unchanged in October is 6.2%, with a cumulative probability of a 25 basis point rate cut at 50.6%, and a cumulative probability of a 50 basis point rate cut at 43.2%.
- 21:54CME: Cryptocurrency futures notional open interest surpasses $30 billionJinse Finance reported that CME announced its cryptocurrency futures' notional open interest has surpassed $30 billions for the first time, with both SOL and XRP futures' notional open interest exceeding $1 billion. XRP became the fastest contract to reach this milestone, taking just over three months.
- 21:54The politicization risk of the Federal Reserve may trigger inflation uncertainty and rising borrowing costs.ChainCatcher news, according to Jinse Finance, UBS stated that Federal Reserve Chairman Powell's speech at Jackson Hole signaled an increased probability of a rate cut in September, but lacked guidance on a medium-term policy framework. UBS pointed out that Powell did not make a stronger defense of the Fed's independence, and that a politicized Fed under Trump in the future could reignite inflation uncertainty, increase real borrowing costs by 1 percentage point, and trigger a chain reaction affecting fiscal policy and household savings, among other areas.