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This week, global markets enter a central bank super week. The Federal Reserve's FOMC will announce its interest rate decision and economic projections summary at 2 AM Beijing time on Thursday, followed by a monetary policy press conference by Chairman Powell; the Bank of England and the Bank of Japan will also announce their decisions on Thursday and Friday, respectively. Meanwhile, the U.S. Senate will hold a key procedural vote on the CLARITY Act on Tuesday local time, and the SEC will hold a roundtable discussion on 24-hour trading on the same day.Tuesday: Key procedural vote on the Cryptocurrency Market Structure Act (i.e., CLARITY Act); U.S. ADP employment change for the week ending August 29; U.S. September New York Fed Manufacturing Index. Wednesday: U.S. API crude oil inventories for the week ending September 11; U.S. August retail sales month-on-month, U.S. August import price index month-on-month, U.S. September NAHB housing market index; U.S. July business inventories month-on-month, U.S. EIA crude oil inventories for the week ending September 11.Thursday: Federal Reserve FOMC announces interest rate decision (2 AM Beijing time on Thursday) and economic projections summary, Federal Reserve Chairman holds a monetary policy press conference; U.S. initial jobless claims for the week ending September 12; Bank of England announces interest rate decision and meeting minutes; SEC holds a roundtable discussion on 24-hour trading. Friday: Bank of Japan announces interest rate decision, Bank of Japan Governor Kazuo Ueda holds a monetary policy press conference.

White House economic advisor Hassett stated, "Both Trump and I believe there is no reason to raise interest rates, and it is important for the Federal Reserve to maintain the status quo before the election. Trump fully respects Waller's independence."

U.S. President Trump stated: "We should have the lowest interest rates in the world, and the promised $5,000 (subsidy) should be easy for Congress to pass. I always keep my promises.The war in Iran will end, possibly before the midterm elections or right after the midterm elections. Iran is very eager to reach an agreement. I don't care if the Gulf countries meet with Iran; that is their choice.Ukrainian President Zelensky must do one thing; he must stop attacking Russian diesel fuel. We have had discussions with Ukrainian President Zelensky."When asked if the artificial intelligence industry should slow down its development pace, Trump stated: "Whoever wins in artificial intelligence will win the future."

According to POLITICO Pro, U.S. President Trump held a closed-door meeting with advisors on Friday regarding the ethical provisions for government officials in the Senate's proposed cryptocurrency bill, the Clarity Act. The bill is set for a crucial procedural vote in the Senate next Tuesday, with Senate Democrats demanding the inclusion of ethical constraints applicable to government officials to limit Trump's ability to profit from his family's cryptocurrency business. It is currently unclear who attended the meeting with Trump and what the conclusions were.Trump's senior cryptocurrency policy advisor Patrick Witt posted a positive signal on X on Saturday, stating, "Today is a bad day for the naysayers of the Clarity Act."The ethical provisions have been one of the key obstacles the Clarity Act faces in the Senate, with significant bipartisan disagreements over whether enforcement authority should be led by the Department of Justice or state attorneys general. The procedural vote next Tuesday will test whether the two parties can reach a compromise on this core dispute before the Senate recesses.

The central banks of the United States, Japan, and the United Kingdom will announce their monetary policy decisions this week, with the market focusing on whether the Federal Reserve will initiate its first interest rate hike in three years.Iran and Gulf countries are negotiating shipping management in the Strait of Hormuz to address high crude oil prices.

According to on-chain analyst Axel Adler Jr., in the past 24 hours, Bitcoin's open interest (OI) has decreased by approximately 13,600 BTC, while the BTC price has remained relatively unchanged during the same period.He stated that the decline in open interest size, despite no significant drop in price, indicates that the market is actively deleveraging, which helps reduce the risk of concentrated liquidations of high-leverage positions and triggering a chain liquidation.

Liquid Capital founder Yi Lihua stated, "In the past two days, expectations of interest rate hikes have emerged, leading to a divergence in market trends. Since negative news has appeared, there are two possible scenarios: one is a real interest rate hike, which would lead to a short-term drop below 76,000, followed by a period of consolidation before rising again. The other is no interest rate hike, which would lead to continued upward movement. Regardless, it's best to trade spot without leverage."During an exchange at a business school in Shenzhen, Yi Lihua pointed out several opportunities in the next three years: one is mainstream BTC/ETH spot trading around four times, aiming for ten times with effort in swing trading. Another is trading infrastructure, which still presents hundredfold opportunities, as the core demand of blockchain is trading. The third is the IPOs defined by CZ, where stocks and IPOs are brought on-chain, resulting in truly high-quality assets that were once white paper tokens bidding farewell completely.

CICC Research pointed out that the U.S. CPI in August rose by 0.4% month-on-month and 3.4% year-on-year, slightly higher than market expectations.CICC believes that this report has reached the threshold for the Federal Reserve to raise interest rates, expecting a 25 basis point increase at the meeting on September 16, and may lower the unemployment rate and raise inflation forecasts, signaling tightening.

Goldman Sachs stated that the renewed rise in expectations for Federal Reserve interest rate hikes may trigger traders to unwind their hedge positions, leading to a more severe adjustment in gold prices than usual.

Goldman Sachs economist Alexandra Wilson-Elizondo stated: "Today's CPI largely meets expectations, which on the surface is the result investors hoped for, but it indeed heightens the suspense for next week's interest rate decision. The challenge is that the data does not fully reflect the recent emergence of some inflationary pressures, and there is little evidence that inflation is returning to target in the short term. The survey period for this report predates the latest round of energy price increases and also predates the surge in commodities spreading from energy to metals and agriculture. Today's inflation data does not eliminate the possibility of stronger price pressures emerging in the future.In summary, today's data that meets expectations will allow the Federal Reserve to keep the option of raising interest rates, but it will not be forced to act, so the market may focus more on Waller's communications, energy prices, labor market data, and what happens next, rather than on what was released today."

U.S. short-term interest rate futures fell after the inflation data was released, as the market increased bets on a rate hike by the Federal Reserve in September.

Analyst Giulia Petroni pointed out that due to the surge in oil prices, rising bond yields, and increasing expectations of interest rate hikes, gold prices are expected to drop more than 2% this week. New York gold futures prices once fell by 0.5%, to $4,383.9 per ounce.The market is closely watching the Consumer Price Index (CPI) data to be released on Friday. Traders expect a 67% probability of the Federal Reserve raising interest rates next week.

According to BIT's weekly report "On Target," BIT analysts pointed out that there are two key catalytic factors in the current market: first, the scale of U.S. debt has surpassed the psychological threshold of $40 trillion, and second, U.S. Treasury yields are approaching the critical level of 5%. Since July 24, Bitcoin has risen by 22%, and gold has increased by 9.4%, confirming previous judgments.The macro cycle model shows that the current market is in the first phase of cyclical re-inflation, which is usually accompanied by a weakening dollar and rising commodity prices. Historical data indicates that during this phase: the annualized return rate of U.S. stocks is about 29%, the annualized return rate of gold is about 47%, and the annualized return rate of Bitcoin is about 73%. Additionally, between 2020 and 2026, the compound annual growth rate (CAGR) of U.S. debt has reached 8.59%, while the M2 money supply CAGR is 6.02%, far exceeding the CPI of 4.11%. Long-term inflationary pressures continue to accumulate, further supporting the allocation logic for gold and Bitcoin.

In August, Japan's corporate goods prices rose more than expected, supporting the Bank of Japan's continued interest rate hikes to curb inflation risks. Data shows that in August, corporate input prices increased by 7.6% year-on-year, higher than the expected 7.4%.Market expectations are that the Bank of Japan will raise the benchmark interest rate by 25 basis points to 1.25% on September 18.

J.P. Morgan Private Bank macro investment strategist Patrick Ernst stated that the European Central Bank raised interest rates by 25 basis points as expected, which has a limited impact on the euro to dollar exchange rate.Ernst pointed out that the dollar may still dominate the market. If the U.S. CPI data exceeds expectations, it could weaken the upward momentum of the euro against the dollar. The U.S. CPI data for August will be released on Friday.

After the release of U.S. data, U.S. short-term interest rate futures fell slightly, and the market increased its bets on a rate hike by the Federal Reserve.

According to Catcher Predict monitoring on-chain data, it predicts significant capital movements in the Polymarket market. A large whale invested $56,235.86 in a single transaction regarding the "Federal Reserve's September decision" event, targeting a "25 basis point rate hike." Based on the current transaction price, the latest corresponding winning probability for this asset is 46%.