AiCoin Daily Report (September 6)

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  1. The non-farm payroll employment in the U.S. increased by 22,000 in August, below expectations, and the unemployment rate recorded at 4.3%.

The U.S. released the non-farm data for August, showing an increase of 22,000 in employment, which is lower than the expected 75,000; the unemployment rate recorded is 4.3%, consistent with expectations. -Original text

  1. Market traders predict that the Federal Reserve may cut interest rates by 50 basis points this month.

According to market traders' predictions, the Federal Reserve may announce a 50 basis point rate cut this month. This expectation reflects the market's anticipation of further easing in U.S. monetary policy, and investors need to closely watch the upcoming interest rate decision and related statements from the Federal Reserve.

  1. Analysts say that the non-farm data strengthens expectations for three interest rate cuts by the Federal Reserve this year.

Jeffrey Leschen, the general manager of Bramshill Investment Company, stated that the August non-farm employment data met expectations. Although the tariff policy and the rapid development of artificial intelligence bring some uncertainty that may put pressure on corporate hiring plans, investment in the United States may drive job growth in the manufacturing sector. However, this positive impact will take time to manifest. Leschen pointed out that current economic data suggests the Federal Reserve may cut interest rates by 50 basis points, and the latest non-farm report further solidifies the possibility of the Federal Reserve implementing three rate cuts within this year.

  1. White House economic advisors indicate that the Federal Reserve may discuss significant interest rate cuts.

White House economic advisor Hassett stated that the Federal Reserve may need to assess future policy actions and is expected to discuss larger rate cuts. -Original text

  1. Trump hints that he will soon announce the Federal Reserve chairman candidate.

On September 6, Trump stated that he would soon announce the nominee for the Federal Reserve Chair.

  1. New Zealand FMA launches consultation on tokenization regulation, assessing the impact of existing regulations.

The New Zealand Financial Markets Authority (FMA) has launched a consultation on tokenization, which will continue until the end of October, aiming to assess whether current regulations hinder the development of tokenization. The FMA stated that tokenization projects are often led by already regulated entities, while startups tend to avoid regulation due to high licensing costs and other issues, which may weaken consumer protection and lead some businesses to shift to low-regulation overseas markets. -Original text

  1. Bullish's European subsidiary has obtained a MiCA license in Germany.

On September 5th, according to CoinDesk, the European subsidiary of the cryptocurrency exchange Bullish has obtained a license under the Markets in Crypto-Assets (MiCA) regulations in Germany. Bullish Europe has received this license from the Federal Financial Supervisory Authority (BaFin) in Germany, having previously secured a crypto brokerage and custody license from the same regulator.

  1. The Republican Party in the United States plans to amend rules to expedite the confirmation of Federal Reserve Board nominations.

The Republican Party plans to revise the rules to accelerate the confirmation process for President Trump's nominee for the Federal Reserve Board. If the amendment is approved by the Senate, Trump's nominee Stephen Moore is expected to take office before the Federal Open Market Committee meeting on September 16-17.

The above is the selection of hot topics in the last 24 hours. For faster news, please download AiCoin ()

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