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Fitch: Expects Fed to Cut Rates Twice in First Half, Unemployment to Stay at 4.6% This Year

20 hours ago

On January 8, Fitch Ratings lifted its U.S. GDP growth forecasts for 2025 and 2026, incorporating economic data delayed by last year’s government shutdown into its outlook. The agency now projects 2025 GDP growth at 2.1%—up from 1.8% in its December 2025 Global Economic Outlook (GEO). For 2026, the forecast was revised higher to 2.0% from the prior 1.9%. Inflation trends have been hard to parse due to incomplete October data. Fitch estimates December 2025 CPI inflation rose to 3.0% (from 2.7% in November), and expects further increases in 2026—reaching 3.2% by year-end—driven by the delayed impact of tariff pass-through. With slowing job growth offset by declining labor force growth, the 2026 average unemployment rate is seen at 4.6%, near recent levels. The Fed is expected to cut interest rates twice in the first half of 2026, lowering the federal funds rate’s upper limit to 3.25%.
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The total supply of Pacifica Loyalty Points has reached 2.13 billion, with a monthly trading volume of approximately $188 billion.

On January 9, Solana-based perpetual contract trading platform Pacifica (app.pacifica.fi/?referral=pacbot) wrapped up the distribution of 10 million points this week. Per DefiLlama and Dune data, the platform’s total point supply now stands at 213 million, with 33,182 active addresses and $18.83 billion in trading volume over the past 30 days. Additionally, Pacifica community traders calculate the cost to acquire one point is roughly $0.382. During the platform’s current fee halving promotion, combining with a 2% bonus for continuous trading, that cost could drop to as low as $0.15. To help users earn points more efficiently during the event, on-chain data analytics and copy-trading tool Coinbob has launched its dedicated Coinbob Pacifica bot (@CoinbobPAC_bot). Users can use the bot to track and mirror high-frequency trading strategies, earn points, and position themselves for potential airdrop opportunities.

11 minutes ago

Morgan Stanley: Fed Restart of Asset Purchases Has Eliminated Liquidity Risk

On January 9, Morgan Stanley Chief Investment Officer Mike Wilson issued an extremely optimistic outlook for the U.S. stock market. In an interview with CNBC’s “Squawk Box,” Wilson described the market’s future path as “crystal clear.” He believes stable Federal Reserve policy and legislative tailwinds will reinvigorate the consumer sector. Wilson noted, “The Fed is proactively addressing these liquidity issues, and this support has removed a major layer of risk for investors.” While the long-term outlook remains positive, Wilson warned a market pullback is inevitable in a U.S. midterm election year. He advised investors to prepare for at least a 10% decline, but urged them to view such drops as buying opportunities—not exit signals. (Source: Golden Finance)

11 minutes ago

The UK Financial Conduct Authority will open the application channel for cryptocurrency firms license in September 2026.

January 9 — Per Cointelegraph, the UK’s Financial Conduct Authority (FCA) has announced that crypto asset service providers operating in the UK must secure full authorization by October 2027. The FCA expects the application window to open in September 2026. All firms offering regulated crypto services in the UK must be authorized under the Financial Services and Markets Act. Entities currently registered under anti-money laundering (AML) regulations will not be automatically transitioned and must still reapply for authorization. Firms that fail to submit applications on time will face transitional restrictions once the new rules take effect: they will only be permitted to continue offering existing products and prohibited from launching new business activities.

11 minutes ago

A whale transferred 8.09 million USDC to Hyperliquid 4 hours ago, planning to buy 59,458 SOL at a price between $133.88 and $135

On January 9, per LookOnChain monitoring data, a crypto whale transferred 8.09 million USDC to Hyperliquid four hours ago and placed a limit order targeting 59,458 SOL (approx. $8 million) at a price range of $133.88 to $135.

11 minutes ago

Aevo: 69 million AEVO burned, representing 6.9% of the total supply.

On January 9th, Aevo announced that it has burned 69 million AEVO tokens from circulation—roughly $2.8 million worth—representing 6.9% of the token’s total supply, in line with the AGP-3 proposal. Staking AEVO will entitle users to a share of Uniswap V3 Liquidity Provider (LP) fees, which are scheduled for distribution starting in June 2026.

11 minutes ago

Amber Group transferred 5800 ETH to Copper 4 hours ago

January 9th: Amber Group transferred 5,800 ETH (valued at roughly $18.06 million) to Copper 4 hours prior, per monitoring data from The Data Nerd.

11 minutes ago