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[Bithumb to Launch PUMP KRW Trading Pair] According to Foresight News, Bithumb plans to launch the PUMP KRW trading pair.
[Analyst: Inflation Report Insufficient to Influence Federal Reserve Decisions] Brian Jacobsen, Chief Economist at Annex Wealth Management, stated that the latest inflation report lacks enough novelty to sway the Federal Reserve's policy decisions next week. He pointed out that housing inflation remains the primary driver of service sector inflation, but the Federal Reserve has largely ignored this. Additionally, while goods prices have shifted from deflation to mild inflation, the increase is limited. He also mentioned that inflation data is crucial for retirees, as Social Security benefits are tied to price changes, and any distortion in the data could have real economic impacts.
At the opening of the US stock market, the Dow Jones Industrial Average rose 105 points, the Nasdaq rose 98 points, and the S&P 500 index rose 0.32%.
[U.S. August CPI Rises 0.4% Month-on-Month, Exceeding Expectations] The U.S. Consumer Price Index (CPI) for August rose 0.4% month-on-month, higher than the market expectation of 0.3%.
[The Federal Reserve May Cut Rates Four Times in a Row Before January Next Year] September 11 news: Interest rate futures pricing indicates that the market is betting the Federal Reserve will cut rates four times in a row before January next year, with each rate cut being 25 basis points.
[European Central Bank Keeps Interest Rate Unchanged at 2% as Expected] BlockBeats News, September 11 – The European Central Bank (ECB) has kept its benchmark interest rate unchanged at 2% for the second consecutive meeting, as officials assess the impact of the trade agreement between the EU and the US. Thursday's decision aligns with economists' expectations, following ECB President Christine Lagarde's statement that policymakers have shifted to a 'wait-and-see' mode after eight rate cuts since last year. Berenberg Bank economist Felix Schmidt noted prior to the decision that the ECB 'has no need to change its monetary stance.' He added that the eurozone economy 'has proven to be more resilient than expected,' and inflation is under control. (Jin10)