On January 9th, according to 4E monitoring, the market is weighing inflation pressures against interest rate cut expectations. US stocks were volatile throughout the day on Wednesday, with the S&P and Dow slightly up, and the Nasdaq slightly down. Major tech stocks had mixed performances, with Tesla closing up 0.15% and Nvidia turning from gains to losses. Cryptocurrency stocks Coinbase and MicroStrategy saw their prices drop by 1.6% and 2.85%, respectively. The cryptocurrency market plunged again at midnight, with Bitcoin briefly dipping to $92,500, a new low for the year, while Ethereum struggled to hold above $3,200. Conditions improved by morning with prices slowly rising; at the time of writing, Bitcoin was at $94,454, down 2.75% over 24 hours, while Ethereum showed some strength at $3,334, down 1.81% over the same period. During these two days of widespread market declines, DeFi concept coins, specifically the DeFi+AI Agent narrative, rose against the trend, showing significant capital inflows. In the foreign exchange market, the US dollar index rose for two consecutive days, the British pound fell 0.9% to its lowest level since April last year, and the Japanese yen dropped to a near six-month low. The strengthening dollar pressured international oil prices to decline by over 1%. Employment data fell short of expectations, pushing spot gold to rise about 0.5%, reaching a nearly four-week high. The minutes from the Federal Reserve's December meeting showed that nearly all participants were concerned about the upside risks of inflation and the potential impacts of Trump’s tariff plan, indicating that the Fed is at or near a point suitable for slowing the pace of easing. Market expectations are for interest rates to remain unchanged at the upcoming meeting at the end of this month, with the first rate cut possibly occurring in June. 4E is a financial trading platform supporting assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. It recently launched a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with potential hedging options. 4E reminds you to be aware of market volatility risks and to allocate assets reasonably.