Binance Morning Post (September 11)

● The U.S. Senate Banking Committee passes Nomination for Milan Federal Reserve Board According to Shenchao TechFlow, on September 10, the U.S. Senate Banking Committee passed the nomination for Milan's Federal Reserve Board of Directors by 13-11. ● Analysts comment on US PPI in August: Tomorrow's CPI data may also be weaker than expected According to Shenchao TechFlow, Adam Button, an analyst at investinglive, an American financial website, said that the Consumer Price Index (CPI) report will be released tomorrow. This is a strong signal that the data may be lower than expected and U.S. stock index futures have risen as a result. If the CPI results are lower than expected — especially such a large below expectations — then the possibility of the Fed cutting interest rates by 50 basis points will be higher. The producer price index (PPI) after excluding food and energy has dropped the largest month-on-month in the past decade. ● The US PPI monthly rate fell to -0.1% in August, with an annual rate of 2.6%. According to Shenzhen Chao TechFlow, the monthly PPI rate in August was -0.1%, lower than the expected 0.30%, and the previous value was 0.90%. The US PPI annual rate in August was 2.6%, with an expected 3.3% and the previous value was 3.30%. ● Bitwise CIO predicts that SOL is expected to usher in an epic rise at the end of the year, and multiple spot ETFs will boost the market situation According to BlockBeats, Bitwise Chief Investment Officer Matt Hougan said in a latest memo to clients that SOL is expected to perform strongly by the end of the year, with ETF capital inflows and corporate treasury purchases driving upwards similar to BTC and ETH, and a relatively small amount of capital inflows in Solana may significantly boost prices in the coming months and is expected to usher in an epic upward trend by the end of the year. Matt Hougan believes that Solana is now meeting the same conditions as Bitcoin and Ethereum ETFs after passing, and is expected to follow this path and usher in a surge. Several issuers — including Grayscale, VanEck, Franklin Templeton, Fidelity, Invesco/Galaxy, Canary Capital, and Bitwise itself — have filed spot Solana ETF applications in the U.S., and the Securities and Exchange Commission (SEC) is expected to make a decision by October 10 to push multiple Solana spot ETFs to list in the fourth quarter. ● Fitch: Raising global economic growth expectations, U.S. economy slows down According to Jinshi data, Fitch raised its global GDP growth forecast, but expects global economic growth to drop to 2.4% this year from 2.9% last year. It is expected to slow further to 2.3% next year and will grow by 2.6% by 2027. Fitch pointed out that uncertainty in U.S. tariff policy has declined, but tariffs remain huge, weakening global growth. Signs of slowing in the U.S. economy are already showing up in hard data. The rise in inflation caused by higher tariffs is expected to accelerate later this year, curbing real wage growth and putting pressure on U.S. consumer spending. U.S. employment growth has slowed significantly, and the Federal Reserve is expected to cut interest rates by 25 basis points in September and December, and will cut interest rates three more next year.