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The Political Bureau of the Central Committee of the Communist Party of China: Next year, a more proactive fiscal policy and a moderately loose monetary policy will be implemented

ChainCatcher news, according to Caixin, the Political Bureau of the Central Committee of the Communist Party of China held a meeting today to deploy economic work for next year.The meeting emphasized the need to maintain stability while seeking progress, promote stability through progress, implement a more proactive fiscal policy and moderately loose monetary policy, strengthen extraordinary counter-cyclical adjustments, and enhance the foresight and effectiveness of macro-control. The meeting proposed to boost consumption, improve investment efficiency, and expand domestic demand; promote the construction of a modern industrial system through technological innovation; deepen economic system reform and implement landmark measures; expand high-level opening up, stabilize foreign trade, and stabilize foreign investment.At the same time, it is necessary to effectively prevent and resolve risks in key areas, consolidate the achievements of poverty alleviation, promote new urbanization and rural revitalization, and facilitate integrated urban-rural development. The meeting also emphasized increasing the implementation of regional strategies, promoting green transformation and development, and strengthening social security to enhance people's sense of gain and happiness.

4E: The US stock and cryptocurrency markets remain active, with this week's CPI data being crucial for the Federal Reserve's interest rate cut in December

ChainCatcher news, data released last Friday showed that non-farm employment was better than expected, and the unemployment rate slightly increased, reinforcing expectations for a rate cut in December, with the market estimating the likelihood of a rate cut in December rising to around 85%.According to 4E monitoring, last week, the surge in tech stocks pushed major U.S. stock indices to new highs, with the Nasdaq soaring over 3%, and the S&P 500 index rising nearly 1%. Both the Nasdaq and S&P reached new historical highs, while the Dow Jones was the only index to decline, falling about 0.5%.The cryptocurrency market is booming, with Bitcoin spot ETF funds experiencing a net inflow for a consecutive week, totaling nearly $2.8 billion. The market capitalization of stablecoins increased by $3.9653 billion, a growth of 2.56%. The strong inflow of funds led to Bitcoin breaking through the $100,000 mark and ETH surpassing the $4,000 level, with altcoins experiencing a comprehensive rally, resulting in several mainstream coins doubling in value. Currently, Bitcoin is consolidating around $100,000, providing opportunities for altcoins.In the forex commodities sector, the U.S. dollar continued to strengthen last week. After the non-farm data was released, the dollar significantly dropped but eventually turned upward, accumulating a weekly gain of 0.22%. The rise of the dollar limited the upward space for gold prices, but expectations of a rate cut provided support for prices, causing gold to fluctuate within a narrow range, with overall market sentiment being cautious. Oil prices fell for three consecutive days last week due to concerns over oversupply, with West Texas Intermediate crude oil dropping 1.17% for the week and Brent crude oil declining 1%.Recent data suggests that the progress of U.S. anti-inflation efforts may be stalling, and the CPI data to be released this Wednesday will be a determining factor for the Federal Reserve's interest rate decision this month. The market expects an approximately 85% chance of the Federal Reserve cutting rates by 25 basis points on December 18. However, expectations for fewer rate cuts next year are continuing to strengthen.Additionally, as the year-end approaches, large investment institutions are facing portfolio rebalancing to accommodate year-end reporting and tax issues, which may create a short-term liquidity shock in the U.S. stock market, potentially being the largest adverse factor in the near term, expected to suppress risk assets. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, gold commodities, and forex, recently launching a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.
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