According to Jin10 News, with the steady rise of the US economy, concerns about the slowdown in the labor market have been temporarily shelved. The crux of the current market debate is how much the Fed will cut interest rates next year when inflation data does not improve significantly. Matthew Luzzetti, chief US economist at Deutsche Bank, expects the Fed to cut interest rates again in December and then suspend interest rate adjustments for the whole of 2025, waiting for more progress on inflation. He said: "The urgency of the Fed's interest rate cuts is much less, and it may make sense to slow down the interest rate cuts earlier than they expected." Fed Director Bowman said in a recent speech that the progress of inflation towards the Fed's 2% target has been "stalled" in recent months, and she called on the Fed to cut interest rates "cautiously" at that time.

coin Nick Timiraos recently wrote that another important debate is unfolding in the debate over whether and when the Fed will cut interest rates: Where will Intrerest Rate go from here in the long run? The crux of the matter is neutral Intrerest Rate: Intrerest Rate that balances supply and demand for savings while keeping the economy rise and inflation stable. The neutral Intrerest Rate, sometimes referred to as "r*" or "r-star", cannot be directly observed, only extrapolated. Every quarter, Fed officials forecast long-term Intrerest rates, which are effectively their estimates of the neutral Intrerest rate. Some now believe that the neutral Intrerest Rate has a reason to rise and has the potential to change a wide range of asset prices. Because the economy is strong and inflation is "weak". But the current debate over the neutral Intrerest rate may have little short-term impact on the Fed, as Intrerest Rate is higher than almost all estimates of the neutral Intrerest rate. This means that current Intrerest Rate inhibits economic rise and price pump, and that nominal Intrerest Rate is more likely to fall rather than rise in the future. If the U.S. economy continues to be strong while inflation is stubborn, it could spark speculation about a neutral Intrerest Rate rise and thus that the current Intrerest Rate is not so tight. From this point of view, there is even less reason for the Fed to cut interest rates. Alternatively, if inflation resumes its downward trend, discussions about neutral Intrerest Rate will focus on how much the Fed will cut interest rates subsequently. There's no doubt that the Fed wants to "normalize policy," but where? They're not going to stay at the 5% level, but they're not going to go all the way down to 2.5% either. They (maybe) feel more comfortable stopping in the 3% or 4% range, but the jury is out yet. Intrerest Rate futures show that the Fed funds Intrerest Rate will stabilize at around 4% over the next few years. (Golden Ten)

On April 28, Nick Timiraos, the "Federal Reserve Megaphone", recently wrote that another important debate is unfolding in the debate over whether and when the Fed will cut interest rates: Where will Intrerest Rate go in the long run? The crux of the matter is neutral Intrerest Rate: Intrerest Rate that balances supply and demand for savings while keeping the economy rise and inflation stable. The neutral Intrerest Rate, sometimes referred to as "r*" or "r-star", cannot be directly observed, only extrapolated. Every quarter, Fed officials forecast long-term Intrerest rates, which are effectively their estimates of the neutral Intrerest rate. Some now believe that the neutral Intrerest Rate has a reason to rise and has the potential to change a wide range of asset prices. Because the economy is strong and inflation is "weak". But the current debate over the neutral Intrerest rate may have little short-term impact on the Fed, as Intrerest Rate is higher than almost all estimates of the neutral Intrerest rate. This means that current Intrerest Rate inhibits economic rise and price pump, and that nominal Intrerest Rate is more likely to fall rather than rise in the future. If the U.S. economy continues to be strong while inflation is stubborn, it could spark speculation about a neutral Intrerest Rate rise and thus that the current Intrerest Rate is not so tight. From this point of view, there is even less reason for the Fed to cut interest rates. Alternatively, if inflation resumes its downward trend, discussions about neutral Intrerest Rate will focus on how much the Fed will cut interest rates subsequently. There's no doubt that the Fed wants "policy normalization," but where's the 'normalization', Nick said? They won't stay at the 5% level, but they won't go all the way down to 2.5% either. They (probably) feel more comfortable stopping in the 3% or 4% range, but the jury is out yet. Intrerest Rate futures show that the Fed funds Intrerest Rate will stabilize at around 4% in the next few years.

PANews reported on November 16 that according to CoinDesk, Patrick McHenry (R-NC), chairman of the Financial Services Committee of the U.S. House of Representatives, and Rep. Rich Torres (DN.Y) led a group of nine lawmakers to urge the Treasury Department to revise its proposed digital asset tax system. The group supported cryptocurrency representatives and lawyers who called the proposed tax plan a "dangerous and improper ultra vires." "If finalized, the proposed regulation's definition of a digital asset 'broker' is too broad, the definition of 'digital asset' is inadequate, and the unreasonably short comment period could prevent a significant digital asset ecosystem from continuing to exist in the United States. The main crux of the controversy is also how the proposal would treat custodial wallet providers, payment processors, some decentralized finance (DeFi) entities, and other entities as "brokers" for tax reporting purposes.