【4E: Strong economic data severely suppresses interest rate cut expectations, U.S. stocks and cryptocurrency markets all decline】On January 8, news reported that data released on Tuesday showed that U.S. employment data was better than expected, and inflation in the service sector accelerated. These two data points severely suppressed expectations for interest rate cuts by the Federal Reserve, with the market expecting that the Fed may only cut rates once this year, down from the two cuts predicted in the dot plot. According to 4E monitoring, after the data was released, all three major U.S. stock indexes fell, reversing earlier gains. The S&P 500 index closed down 1.11%, the Dow Jones Industrial Average fell 0.42%, and investors took profits on large tech and chip stocks, with the Nasdaq dropping nearly 1.9%. Nvidia plummeted 6.22% after hitting a new high, while Tesla fell 4%. Cryptocurrency stocks Coinbase and MicroStrategy saw their prices drop over 8% and 9%, respectively. The cryptocurrency market also experienced severe fluctuations against the backdrop of the decline in U.S. stocks, with Bitcoin sharply dropping after the U.S. stock market opened last night, falling from above $100,000 to a low of $96,181, marking a 24-hour decline of over 4.8%. The situation improved slightly in the morning, with prices beginning to rise slowly above $97,000, but the overall downward trend has not dissipated. Ethereum and altcoins fared even worse, with most declines exceeding 10%, and market sentiment significantly waning. On Tuesday, Bitcoin spot ETFs turned to a net outflow of $544 million after two consecutive days of significant net inflows, marking the largest net outflow in the past 10 days. In the forex commodities sector, U.S. economic data was generally better than expected, offsetting earlier dollar weakness caused by uncertainties surrounding Trump's tariff policies. The dollar index rebounded by 0.4%, moving away from a one-week low and hovering near a six-month high. Major oil-producing countries' oil output fell short of OPEC+'s production targets, supporting oil prices to rise over 1%. The simultaneous rise of the dollar and U.S. Treasury yields limited gold prices' increase, with spot gold hitting a daily high of nearly 1.1% before narrowing its gains. The data released last night indicated that the U.S. economy is stronger than the market anticipated, and the game surrounding the Fed's interest rate direction seems to have shifted from multiple cuts this year to whether there will be any cuts at all. The market expects a greater than 95% probability that there will be no rate cuts in January, and some institutions even speculate that there will be no cuts before July. It is likely that the Fed will remain on hold this year, and even if a cut occurs, it may only be once. The market is filled with uncertainties, and risk assets are collectively under pressure. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodity gold, and foreign exchange. Recently, it launched a USDT stablecoin wealth management product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and allocate assets wisely.