Odaily Planet Daily News This week, the Federal Reserve finally confirmed the long-anticipated "pivot" by the market. The central bank's statement and updates to its economic forecasts this week have had a significant impact on the market. Market participants currently expect the Fed to cut interest rates by about 40 basis points by December 2025, leading to a rise in U.S. Treasury yields. Earlier this week, Bitcoin fell from its historical high, and on Friday during the European session, Bitcoin continued its downward trend, nearing $95,000 at one point. Earlier, Bitcoin had just set a new historical high of over $108,000. The recent decline in the crypto market has had an even greater impact on altcoins like Ethereum and Dogecoin. Additionally, U.S. exchange-traded funds (ETFs) that directly invest in Bitcoin ended a 15-day streak of inflows this week, recording an outflow of $680 million, highlighting the shift in market sentiment. With Christmas approaching, the market next week is expected to be relatively calm, though there are still some relatively influential data points to consider. However, due to thin liquidity, market volatility may become significant. Here are the key points the market will focus on in the new week: Monday at 23:00, U.S. Conference Board Consumer Confidence Index for December; Thursday at 21:30, U.S. initial unemployment claims for the week ending December 21. For the dollar, with the overall hawkish stance within the Fed, it is expected that the dollar will not easily lose its throne earned this year, although thin trading volumes during the holiday period may trigger some unnecessary volatility. Overall, if there is any market turbulence during the holiday period, it is more likely to hit U.S. stocks and bonds. The Fed's hawkish stance has not been welcomed by Wall Street, and with U.S. Treasury yields continuing to rise, selling may intensify. (Jin Shi)

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