loose

According to Jinshi reports, Federal Reserve official Logan stated that the current monetary policy is neutral or even somewhat accommodative, and it is necessary to maintain a mildly tightening policy stance.

According to Jinshi reports, Federal Reserve official Logan stated that the current financial environment is loose, and the labor market remains stable.

According to Jinshi reports, Federal Reserve's Musalem stated on Thursday that, like several Federal Reserve decision-makers last month, he believes the phrase "accommodative stance" should be removed from the post-meeting statement to create the possibility for interest rate hikes. He supports this interest rate decision and believes that the accommodative stance no longer aligns with the economic outlook and risk balance.

According to Jinshi Data, the People's Bank of China Monetary Policy Committee held its first quarter meeting of 2026 (the 112th meeting) on March 26. The meeting analyzed the domestic and international economic and financial situation, noting that the current changes in the external environment have deepened, the momentum of the world economy is weak, geopolitical conflicts and trade conflicts are frequent, the economic performance of major economies is diverging, and there is uncertainty in inflation trends and monetary policy adjustments.China's economic operation is generally stable, with progress in stability and new achievements in high-quality development, but it still faces issues and challenges such as strong supply and weak demand, and external shocks. It is necessary to continue implementing a moderately loose monetary policy, increase counter-cyclical and cross-cyclical adjustments, better leverage the dual functions of monetary policy tools in terms of both total volume and structure, and strengthen the coordination and cooperation between monetary and fiscal policies to promote stable economic growth and a reasonable rebound in prices.

According to Jinshi, the Governor of the People's Bank of China, Pan Gongsheng, stated at the China Development Forum 2026 annual meeting that the central bank will continue to implement a moderately loose monetary policy, using a variety of monetary policy tools such as the reserve requirement ratio, policy interest rates, and open market operations to maintain ample liquidity.

According to Jinshi reports, on March 6, at the economic theme press conference of the Fourth Session of the 14th National People's Congress, People's Bank of China Governor Pan Gongsheng stated that in 2026, the central bank will implement a moderately accommodative monetary policy, flexibly and efficiently using various monetary policy tools such as reserve requirement ratio cuts and interest rate reductions to ensure ample market liquidity, aligning the growth of social financing scale and money supply with the expected targets for economic growth and price levels.

According to Cointelegraph, NYDIG's research director Greg Cipolaro stated that if artificial intelligence disrupts the labor market or causes volatility that prompts central banks to ease monetary policy, Bitcoin will benefit. He pointed out that AI, as a "general technology," will transmit its effects on employment and economic growth to Bitcoin.If AI-driven growth is accompanied by liquidity expansion and controlled real interest rates, it will support Bitcoin; conversely, if it raises real yields and tightens policy, Bitcoin may come under pressure. If AI triggers labor disruptions and leads to monetary easing, liquidity injections will be favorable for Bitcoin. He acknowledged that the transition will bring challenges but expects AI to follow the "historical pattern" of technological development—integrating rather than displacing.

According to Jinshi reports, the CICC research report states that the Federal Reserve's final rate cut may exceed market expectations, and the dollar's easing trade may return in the short term. The research report points out that the Federal Reserve is unlikely to "taper" in the short term, but the threshold for "expanding the balance sheet" and quantitative easing has risen, which may be achieved through increasing the rate cut and the issuance of short-term Treasury bonds to realize monetary-fiscal coordination. The steepening of the U.S. Treasury yield curve will benefit U.S. bank stocks.

According to Jinshi reports, Castle Fund CEO Griffin stated that President Trump is trying to encourage the Federal Reserve to implement a loose monetary policy, which has increased the risk of inflation.

According to Jinshi reports, the People's Bank of China work conference will be held from January 5 to 6, 2026. The conference emphasized the continuation of a moderately loose monetary policy, leveraging the integrated effects of incremental and stock policies, increasing counter-cyclical and cross-cyclical adjustments, enhancing the quality and efficiency of financial services for the high-quality development of the real economy, deepening financial reform and a higher level of opening up, strengthening the forward-looking, targeted, and coordinated nature of macro policies, focusing on expanding domestic demand, optimizing supply, preventing and resolving risks, stabilizing social expectations, and creating a favorable monetary and financial environment for stable economic growth, high-quality development, and stable operation of financial markets, providing strong financial support for a good start to the "14th Five-Year Plan."In addition, the conference emphasized that promoting high-quality economic development and a reasonable rebound in prices should be important considerations for monetary policy. It called for the flexible and efficient use of various monetary policy tools such as reserve requirement ratio cuts and interest rate reductions, maintaining ample liquidity, keeping social financing conditions relatively loose, guiding reasonable growth in the total amount of finance and balanced credit allocation, and ensuring that the growth of social financing scale and money supply aligns with economic growth and the overall price level expectations.Smooth the transmission mechanism of monetary policy, effectively utilize the guiding role of policy interest rates, ensure proper execution and supervision of interest rate policies, and promote low-level operation of comprehensive financing costs for society. Gradually expand the coverage of explicit comprehensive financing costs for corporate loans and promote explicit comprehensive financing costs for personal loans. Maintain basic stability of the RMB exchange rate at a reasonable and balanced level, and prevent risks of excessive exchange rate adjustments.

According to Jinshi reports, the CICC research report points out that considering the possibility of a shift in the Federal Reserve's interest rate cut pace in 2026, it is expected that the variables of U.S. dollar liquidity and market environment will increase after the December FOMC meeting. Weaker U.S. growth and employment data, along with speculation about the next Federal Reserve chair, may raise expectations for interest rate cuts, while current officials' concerns about inflation may suppress those expectations. Therefore, it is believed that the certainty of easing trades in early December is higher, which is more favorable for the performance of various assets.

According to Jin Ten, Fed's Musalem stated that the room for easing policy is limited without becoming excessively loose.

The Democratic Party won the gubernatorial elections in Virginia and New Jersey on Tuesday, regaining political momentum. Voter unease over the economic situation during Trump's second term may pave the way for the Democrats to gain control of Congress next year. Abigail Spanberger's easy victory in the Virginia gubernatorial race, along with Mikie Sherrill's win in New Jersey, constitutes the most significant electoral victories for the Democrats since Trump returned to the White House. Polls from the Associated Press in Virginia and New Jersey show that about 60% of respondents feel "angry" or "dissatisfied" with the current state of the country, while only one-third express "enthusiasm" or "satisfaction." CNN polls indicate that more than half of voters intend to send a message to Trump with their ballots."Off-year" elections serve as both a referendum and a political barometer, as well as a roadmap for the future. The American public's re-evaluation of Trump's performance in office also concerns the future viability of his policy agenda. As the voting takes place, the U.S. government shutdown has entered its sixth week, setting a record for the longest shutdown in U.S. history. Trump's efforts to cut federal spending have left hundreds of thousands of workers idle and hindered the release of economic data.

ChainCatcher news, according to China News Network, the "Report on the Situation of Financial Work" submitted by the State Council for review by the 14th National People's Congress Standing Committee on the 26th. The report points out that the operating and regulatory indicators of Chinese financial institutions remain within a reasonable range. The financial regulatory system has been further improved. The high-level opening up of finance has been expanded in an orderly manner. International financial cooperation continues to deepen, and the ability to maintain national financial security is continuously enhanced.Regarding the considerations for the next steps, the report proposes six aspects: implement a moderately loose monetary policy in detail to create a suitable monetary and financial environment for consolidating and expanding the positive momentum of economic recovery; further strengthen and improve financial regulation, continuously enhance regulatory quality and effectiveness; highlight the key direction of financial services for the real economy, focusing on providing high-quality financial services; continue to deepen the structural reform of the financial supply side; promote high-level bilateral financial opening up and maintain national financial security; prevent and resolve financial risks in key areas, ensuring that systemic financial risks do not occur.Among them, regarding the promotion of high-level bilateral financial opening up, the report states that the internationalization of the renminbi should be steadily and cautiously advanced, comprehensively enhancing the international monetary functions of the renminbi in pricing, payment, investment and financing, and reserves.

ChainCatcher message, on-chain data analyst Murphy shares the market chip distribution based on UTXO realized price distribution (URPD): at a high level ($117,000), chips are loosening and cutting losses; a new massive chip column has formed at $112,000, indicating that a large amount of capital is bottom-fishing here, accumulating a total of 614,000 BTC, which is currently the highest column in the entire chip structure.If BTC continues to fluctuate downward, based on the current chip structure, Murphy judges that "the extreme pullback range will occur between $98,000 and $104,000. Of course, the actual situation will be influenced by macro policies, market sentiment, and unforeseen black swan events."

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated that the Federal Reserve's interest rates have been too high for too long, and we expect to enter a period of easing.

ChainCatcher news, according to Jinshi reports, Mizuho Bank stated that the U.S. August non-farm payroll report further confirms the weakening tone of the labor market, with employment, hours worked, and income growth rates having fallen back to levels seen during the pandemic. The Federal Reserve is almost certain to cut interest rates by 25 basis points at the September meeting, and if August inflation is weaker than expected, the possibility of a 50 basis point cut is even greater. It is expected that the Federal Reserve will initiate a sustained easing cycle, aiming to reduce interest rates to around 3%.

ChainCatcher news, according to Jinshi reports, the central bank released the 2025 second quarter report on the implementation of China's monetary policy.In the next stage, implement a moderately loose monetary policy in detail. Based on the domestic and international economic and financial situation and the operation of the financial market, grasp the strength and pace of policy implementation, maintain ample liquidity, and ensure that the growth of social financing scale and money supply aligns with the economic growth and the expected target of the overall price level, continuously creating a suitable financial environment. Promoting a reasonable rebound in prices is an important consideration for grasping monetary policy, driving prices to remain at a reasonable level.