Odaily星球日报讯 摩根士丹利在 2025 年全球战略展望中表示：“我们的经济学家预计，美联储将在 2025 年上半年降息 75 个基点。”相对于市场对美联储政策的隐含路径，摩根士丹利研究经济学家预测更温和。此外，摩根士丹利研究分析师表示，预计到 2025 年中期，美国 10 年期国债收益率将下降至 3.75%，并在明年年底略高于 3.50%。（金十）

摩根士丹利2025全球战略展望，预测美联储于明年上半年降息75基点

Odaily Odaily News: Morgan Stanley said in its 2025 Global Strategic Outlook: &quot;Our economists expect the Fed to cut interest rates by 75 basis points in the first half of 2025.&quot; Relative to the market&#39;s implied path for the Fed&#39;s policy, Morgan Stanley Research economists predict a more moderate path. In addition, Morgan Stanley Research analysts said that the US 10-year Treasury yield is expected to fall to 3.75% by mid-2025 and be slightly above 3.50% by the end of next year. (Jinshi)

Morgan Stanley's 2025 Global Strategic Outlook predicts that the Federal Reserve will cut interest rates by 75 basis points in the first half of next year

Odaily Planet Daily Report: Federal Reserve Chairman Powell's speech last week hinted that the central bank may pause rate cuts at the upcoming meeting. This news has left investors dissatisfied. However, some economists do not believe that Powell's remarks have a negative impact on the market. Citigroup's Chief U.S. Economist Andrew Hollenhorst said, "U.S. bond yields have risen due to Powell's remarks, but we believe this is more a reflection of Powell's desire to keep all options open, rather than a hawkish signal." Goldman Sachs Chief Economist Hatzius still expects the Federal Reserve to cut rates consecutively in December, January, and March, and then cut rates once a quarter in June and September, but he believes the FOMC may slow the pace of rate cuts sooner, possibly as early as the December or January meeting. However, unless the November employment or inflation report is surprisingly strong, the FOMC is unlikely to skip a rate cut in December.

Goldman Sachs: Still expects the Fed to cut interest rates in December, January and March

Here is the English translation:

BTC gives humans money, but it gives AI life.
Author: <kirin_alen d/acc>
TL;DR
1. After the national reserve is implemented, the narrative of digital gold will find it difficult for BTC to truly surpass gold;
2. On-chain AI life will bring massive incremental population, forming a trillion-dollar economy;
3. Will on-chain AI life believe in BTC? Yes, they will. Crypto is the currency of AI, and BTC is the best "gold" for digital life, which will help BTC break through its ceiling;
The national reserve is the last low-hanging fruit, and the narrative of digital gold can still support BTC towards 1...

On-chain AI population will help Bitcoin break through $1 million

- CZ and Vitalik attended the DeSci Entrepreneurs Gathering
- <Binance Labs> made its first investment in the DeSci project BIO Protocol
- DeSci tokens are generally rising
The hot money has already turned around, and we who are in the melon field are still dumbfounded - what is DeSci / Pump Science? What do the popular tokens mean? Read on