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Morning Brief | PGIM: The Federal Reserve is Expected to Cut Interest Rates by Approximately 150 Basis Points by the End of 2025

Morning Brief | PGIM: The Federal Reserve is Expected to Cut Interest Rates by Approximately 150 Basis Points by the End of 2025

星球日报2024/08/01 02:13
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1. Layer2 Financial completes $10.7 million Series A financing, led by Galaxy Ventures;
2. BlackRock's Ethereum ETF ETHA holdings surpass 180,000 ETH, valued over $600 million;
3. Barclays: Fed's September rate cut expectations are hard to reverse;
4. Baby Doge acquires crypto media Coin.News;
5. CME FedWatch: Probability of Fed holding rates steady tonight is 96.9%;
6. US July ADP employment increased by 122,000, expected 150,000, previous value revised from 150,000 to 155,000;
7. After ADP data release, the US Dollar Index DXY fell 7 points, now at 104.06;
8. Economists: Trump's national Bitcoin reserve plan has no substantial economic benefits;
9. PGIM: Fed expected to cumulatively cut rates by about 150 basis points by the end of 2025;
10. QED launches the first ZK Rollup on Dogecoin;
11. Grayscale transfers 700 BTC to Coinbase Prime address;
12. US stocks open higher as ADP growth falls short of expectations, MicroStrategy up 3.98%;
13. Grayscale transfers over 36,000 ETH to Coinbase Prime;
14. Market news: Gary Cardone donates 12.8 BTC to Trump;
15. On July 31, US Ethereum ETFs saw a net outflow of 15,691 ETH, while Bitcoin ETFs saw a net inflow of 113 BTC;
16. Crypto proprietary trading firm Breakout completes $4.5 million seed round, led by RockawayX;
17. DWF Labs withdraws 117,563 PENDLE from Binance;
18. Jupiter co-founder: Publicly audit JUP distribution every 6 months and fully disclose token sales;
19. Tether releases Q2 report: H1 profit reaches $5.2 billion, the best performance in Tether's history;
20. Market news: US Senator Warren urges Fed Chair Powell to cut rates this week;
21. DePIN project Daylight completes $9 million Series A financing, led by a16z Crypto;
22. SEND: Solana phone pre-order customers have 24H to claim SEND token airdrop;
23. Fed keeps interest rates unchanged;
24. Fed FOMC statement: Members unanimously agree on the rate decision, traders slightly reduce bets on Fed rate cuts;
25. Fed FOMC statement: Some new progress made towards the 2% inflation target in recent months;
26. Fed mouthpiece: No clear signal of a rate cut in September from this meeting;
27. Analysts: US stock market may plummet if Fed cuts rates in September;
28. Powell: Significant progress made on both goals over the past two years, committed to restoring inflation to the 2% target;
29. Powell: Broad labor market indicators show the current market is strong but not overheated, long-term inflation expectations seem stable;
30. Fed Chair Powell: If the economy remains robust, will maintain rates as needed;
31. Powell: We are gradually approaching the point where we can lower rates. Overall, we are getting closer but not there yet;
32. Fed Chair Powell: September rate cut "possibly under consideration," committee consensus is gradually moving towards a rate cut;
33. Fed Chair Powell: Policy rate could be lowered as early as September;
34. Powell: Fed's decisions do not consider presidential candidates' economic plans;
35. Powell: Fed does not have the authority to issue a CBDC;
36. Probability of a Fed rate cut in September is 100%;
37. ETHE saw a net outflow of $133.3 million yesterday;
38. US Senator Cynthia Lummis introduces the "Bitcoin Strategic Reserve Act" in the Senate;
39. Today's Fear and Greed Index drops to 52;
40. $157 million liquidated across the network in the past 24 hours, mainly long positions;
41. Tether: Q2 net operating profit of $1.3 billion, record high US Treasury holdings;
42. Telegram founder: Telegram launches several innovative features including a browser and mini app store;

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