Next week, a flurry of economic data releases will shape risk appetite in the crypto market.

On Tuesday evening at 21:30, a major release — the US December CPI data bundle — including unadjusted annual rate, seasonally adjusted monthly rate, and two versions of core CPI. These figures directly influence Federal Reserve policy expectations and will also impact overall market sentiment.

At the same time on Wednesday, data such as retail sales monthly rate, PPI annual/monthly rates, and Q3 current account will be released in quick succession. Retail data reflects consumer activity, while PPI relates to inflation transmission; both are key references for the Fed’s future moves.

Continuing on Thursday, initial jobless claims, New York and Philadelphia Fed manufacturing indices, and import price index monthly rate will also be announced in turn. This set of data is enough to sway market expectations for a soft landing of the economy.

Of even greater interest are policy-level developments. Fed officials will be speaking intensively next week, during a sensitive period — before Powell’s successor takes office, rate cuts are essentially off the table. Strategists at US Bank Global Research explicitly state that until the current chair’s successor is officially in place, the likelihood of the Fed cutting rates again in the near term is nearly zero.

Beyond economic data, geopolitical risks are also brewing. US Secretary of State Blinken plans to meet with officials from Denmark and Greenland next week, while tensions in Iran may escalate — these uncertainties could temporarily boost market risk aversion, thereby affecting the performance of crypto assets.