Standard Chartered: Further Rate Cuts in 2026 Unlikely if US Economic Momentum Continues

On October 14th, Federal Reserve's Powell gave hints of being in favor of carrying out two more rate cuts in 2025, with each cut being 25 basis points. (Xinhua Finance)

On October 14th, Federal Reserve's Powell expressed that he is inclined to gradually reduce interest rates from the end of this year through to next year. The escalating risks in the labor market should be the key focus of monetary policy. The inflationary impact of tariffs has been less than anticipated thus far. Tariffs are anticipated to elevate inflation, yet not to sustainably boost it. It remains uncertain what the neutral interest rate level is, but he advocates for a cautious stance regarding the pace of rate cuts. (FXStreet)

On October 14th, based on CME's "FedWatch" data, the likelihood of the Fed keeping interest rates unchanged in October is 3.3%, while the probability of a 25-basis-point rate cut is 96.7%.

On October 14th, according to GMGN market data, driven by its listing on Binance Alpha, the market capitalization of the "Meme" coin "Xiuxian" has exceeded $27 million and is currently at $27.46 million, with a 1-hour increase of 192%.

On October 13th, as reported by CNBC, a senior executive of Citigroup stated in an interview that the bank is planning to launch cryptocurrency custody services in 2026. With Wall Street giants continuously expanding their presence in the digital currency space, Citigroup's move indicates that traditional financial institutions are accelerating their entry into this field. Citigroup's Global Head of Business Development and Innovation, Biswarup Chatterjee, pointed out that the bank has been developing cryptocurrency custody services over the past two to three years and has achieved significant progress. Chatterjee said, "We are conducting in-depth explorations in various aspects. We expect to launch a trusted custody solution in the next few quarters and provide it to our asset management clients and other institutional clients."

On October 13th, as per the official website, Binance Alpha has initiated the "Cultivation" feature.