News

According to ChainCatcher, citing Golden Ten Data, Mizuho Bank stated that the U.S. August non-farm payrolls report further confirms the weakening trend in the labor market, with employment, working hours, and income growth rates having fallen back to pandemic-era levels. The Federal Reserve is almost certain to cut interest rates by 25 basis points at its September meeting, and if August inflation is weaker than expected, the possibility of a 50 basis point rate cut increases. It is expected that the Federal Reserve will initiate a sustained easing cycle, aiming to lower interest rates to around 3%.

According to ChainCatcher, the Hong Kong SAR government has commissioned banks to prepare for a potential digital bond issuance. If this issuance proceeds, it will be the third digital bond issuance by Hong Kong. In 2023, under the Government Green Bond Programme, the Hong Kong SAR government successfully issued HKD 800 millions worth of tokenized green bonds, making it one of the world's first government-issued tokenized green bonds. Subsequently, in 2024, it issued the world's first multi-currency digital green bonds, involving approximately HKD 6 billions.