5 月 15 日，德意志银行研究中心的分析师在一份报告中表示，美联储可能会在 12 月降息之前保持政策利率不变，然后在明年进一步放宽政策。
「我们的基本假设仍然是，下一次降息是在 12 月，随后在 2026 年第一季度再降息两次，每次 25 个基点。」分析师说，中美之间紧张关系的缓和降低了美国劳动力市场进一步恶化的风险，但其他关税措施可能会使通胀保持在令人不安的高水平。(金十)

<div><p>5 月 15 日，德意志银行研究中心的分析师在一份报告中表示，美联储可能会在 12 月降息之前保持政策利率不变，然后在明年进一步放宽政策。</p><p>「我们的基本假设仍然是，下一次降息是在 12 月，随后在 2026 年第一季度再降息两次，每次 25 个基点。」分析师说，中美之间紧张关系的缓和降低了美国劳动力市场进一步恶化的风险，但其他关税措施可能会使通胀保持在令人不安的高水平。(金十)</p></div>

机构：美联储可能要到12月才会降息

On May 15, analysts from the Deutsche Bank Research Center stated in a report that the Federal Reserve might maintain its policy interest rates unchanged before cutting rates in December, and then further loosening policy next year.

"Our basic assumption remains that the next rate cut will be in December, followed by two additional 25 basis point cuts in the first quarter of 2026," the analysts said. The easing of tensions between China and the United States has reduced the risk of further deterioration in the U.S. labor market, but other tariff measures may keep inflation at an uncomfortably high level. <金十>

<div><p>On May 15, analysts from the Deutsche Bank Research Center stated in a report that the Federal Reserve may keep its policy rate unchanged before cutting rates in December, and then further ease policy next year.</p><p>"Our basic assumption is still that the next rate cut will be in December, followed by two 25-basis-point cuts in the first quarter of 2026," the analysts said. The easing of tensions between China and the United States has reduced the risk of further deterioration in the U.S. labor market, but other tariff measures may keep inflation at an unsettling high level. (Jinshi)</p></div>

Institution: The Fed may not cut interest rates until December

Crypto Venture Capital Hashed recently published a strategic report titled “The Protocol Economy: 2026 Thesis,” in which it asserts that the cryptocurrency industry is very close to entering the phase of “...

Hashed: Digital asset projects linked to the real economy will boom in 2026.

Article by: Lin Wanwan's Cat (@linwanwan823)
Article source: X
Original title: Top 10 Questions and Answers from CZ, China's Richest Man, at the End of the Year
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BNB's annual shareholders' meeting has just concluded.
After listening to CZ's year-end AMA, I selected 10 questions and answers to summarize the key points: Market prediction, the stablecoin war 2.0 hasn't even started yet.
1. How do you feel after being granted a pardon?
CZ: "Psychologically there is a kind of v..."

CZ Year-End Report: Ten Questions on Binance, Regulation, and the Future of Crypto

Daily market data review and trend analysis, produced by PANews.
1. Market Observation: Although the US November CPI unexpectedly fell to 2.7% year-on-year and core CPI to 2.6%, a new low since 2021, initially igniting market expectations for accelerated interest rate cuts by the Federal Reserve, the reliability of the report was widely questioned due to data collection disruptions caused by the government shutdown. The market oscillated amidst complex signals. On the one hand, White House officials believed the Fed had "significant room for rate cuts"; on the other hand, the Bank of Japan raised its benchmark interest rate to 0.75%, a 30-year high, continuing to tighten global liquidity...