#以太坊行情技术解读 Last week, the Federal Reserve cut interest rates as expected, releasing dovish signals that exceeded market expectations, but the real dilemma in the AI field made it difficult for both stock and bond markets to make decisions for a while. The coming week will be the true test——The U.S. Department of Labor's upcoming data on non-farm payrolls, inflation, and retail sales will reveal whether these figures truly reflect the state of the economy, which remains uncertain. Below are the key events for the market next week:

**Monday's schedule:**
21:30, U.S. December New York Fed Manufacturing Index released;
22:30, Federal Reserve Board member Milan to speak;
23:30, FOMC permanent voting member and New York Fed President Williams discusses economic outlook.

**Key data on Tuesday:**
21:30, three major releases in one go——U.S. November unemployment rate, non-farm employment(seasonally adjusted), and October retail sales monthly rate.

**Wednesday:**
22:05, Williams delivers opening speech at the New York Fed's 2025 foreign exchange market structure conference.

**Thursday's highlight:**
01:30, FOMC voting member for 2027 and Atlanta Fed President Bostic discusses economic outlook;
21:30, U.S. November CPI data(unadjusted year-over-year, core annual rate, seasonally adjusted monthly rate, core monthly rate), initial jobless claims, Philadelphia Fed Manufacturing Index.

The key focus is on CPI. Currently, the data is stuck at 3%, while the Federal Reserve's target is 2%, the gap is clear. If next week's data comes in below expectations, it will further confirm the logic for the Fed to continue cutting rates, and the dollar may remain under pressure; if the data rises, it could directly reverse the situation. In either scenario, the performance of digital assets will be significantly affected——keep a close eye on this data point for accuracy.