Important news from last night and this morning (June 26 - J | Kun Lee on Binance Square

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Important news from last night and this morning (June 26 - June 27)
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JPMorgan strategist: U.S. economy is strong, Fed doesn't need to cut rates On September 18, Oksana Aronov, Head of Alternative Fixed Income Market Strategy at JPMorgan Asset Management, said in an interview with CNBC that interest rates are not as restrictive as the Federal Reserve expects... The market has become accustomed to a low-interest rate environment, "This (the market's call for rate cuts) is the impact of the extraordinary unconventional monetary policy of the past 15 years on the market." Aronov said the US unemployment rate is at a historic low, and the market is no longer accustomed to a normal interest rate environment. The current 4.3% unemployment rate is "completely within" the Federal Reserve's 5% target, and any recent weakness is just a return to normal in the context of a very tight labor market for many years... We have not really seen widespread weakness. Retail sales and strong earnings from retailers like Walmart (WMT.N) indicate a robust level of consumption. Aronov said the economy is still growing steadily, and there is no need to "sound the alarm". $BTC $ETH $BNB

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Institution: The Fed may want to avoid sending the wrong signal by cutting interest rates sharply On September 18, the US Federal Open Market Committee (FOMC) will announce its interest rate decision later today. In a foreign exchange research and strategy report, analysts at Maybank stated that the market's expectation for a 50-basis-point rate cut by the Federal Reserve has stabilized in the 60%-70% range. However, analysts said the FOMC may want to avoid sending the wrong signal to the market through a large rate cut, partly because this could cause panic. The analysts added that market participants are expected to focus on Federal Reserve Chairman Powell's press conference to understand the subtle differences in the forward guidance for future rate cuts. $BTC $ETH $BNB

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RootData: UXLINK token (UXLINK) rose 51.82% in 24 hours According to RootData data, the token UXLINK (UXLINK) has seen a 24-hour price increase of 51.82%, currently trading at $0.723. Additionally, the Web3 asset data platform RootData shows that UXLINK is an innovative web3 social system designed for mass adoption, allowing users to build social assets and trade cryptocurrencies. It contains a series of highly modular Dapps, from onboarding to graph formation, group tools to social trading, all seamlessly integrated within Telegram. $BTC $ETH $BNB

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Google Cloud launches new blockchain RPC service, now supports Ethereum mainnet and testnet PANews, September 18 news, according to the official blog of Google Cloud, Google Cloud has launched a brand-new blockchain RPC service, aiming to help Web3 developers build and scale decentralized applications faster. The service is based on Google's infrastructure, providing reliable, scalable and cost-effective solutions, simplifying the complexity of node management. Google Cloud's Blockchain RPC currently supports the Ethereum mainnet and testnet, and will expand to several other chains next year. Developers can enjoy a service of up to 100 requests per second through the free tier. The service is compatible with the Ethereum JSON-RPC standard, allowing developers to easily integrate. $BTC $ETH $BNB

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JPMorgan strategist: U.S. economy is strong, Fed doesn't need to cut rates Odaily Planet Daily Report: Oksana Aronov, Head of Alternative Fixed Income Market Strategy at an asset management firm, said in an interview with CNBC on Tuesday that interest rates are not as restrictive as the Federal Reserve expects... The market has become accustomed to a low-interest rate environment, "This (the market's call for rate cuts) is the impact of the extraordinary unconventional monetary policy of the past 15 years on the market." Aronov said the U.S. unemployment rate is at a historic low, and the market is no longer accustomed to a normal interest rate environment. The current 4.3% unemployment rate is "completely within" the Federal Reserve's 5% target, and any recent weakness is just a return to normal after years of a very tight labor market... We have not really seen widespread weakness. Retail sales and earnings of retailers like Walmart (WMT.N) are strong, indicating robust consumer spending. Aronov said the economy is still steadily growing, and there is no need to "sound the alarm." $BTC $ETH $BNB

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