according to economists surveyed, Federal Reserve officials are expected to vote next week to cut interest rates again to guard against the rising risk of a sharp deterioration in the labor market. The median of respondents shows that the Fed is expected to implement two more 25 basis point rate cuts within the year starting from March 2026. Next week's rate cut will continue the momentum of rate cuts from the policy meetings in September and October. A considerable majority also expect Fed officials to once again reiterate the statement that "the downside risks to employment have increased in recent months," as they did in October. The Federal Reserve will announce its decision at 2 PM Washington time on December 10, followed by a press conference held by Chairman Jerome Powell.

Bank of America stated the market may soon price in the Federal Reserve's rate cut expectation in January. (Jin10)

He Lifeng, China's lead for China-US economic and trade relations and Vice Premier of the State Council, held a video call with the US leads, Treasury Secretary Janet Yellen and Trade Representative Katherine Tai. The two sides had in-depth and constructive exchanges on implementing the important consensus reached by the Chinese and US heads of state at the Busan meeting and the November 24 call, focusing on carrying out pragmatic cooperation and properly addressing mutual concerns in the economic and trade field. Both sides positively evaluated the implementation of the outcomes of the China-US economic and trade consultations in Kuala Lumpur, stating that under the strategic guidance of the two heads of state, they will continue to make good use of the China-US economic and trade consultation mechanism, continuously extend the cooperation list, reduce the list of issues, and promote the sustained, stable, and positive development of China-US economic and trade relations. 

Director of the White House National Economic Council, Hassett, stated: He has not discussed the Federal Reserve Chair (candidate) issue with U.S. President Trump and supports Bassett's views on the Federal Reserve Chair. 

White House National Economic Council Director Hassett stated: It is time for the Federal Reserve to cautiously cut interest rates.

yield on the US 10-year Treasury rose 2 basis points to 4.12%, reaching a new high since November 2020.

social media platform "X" was fined 120 million euros by the European Union for violating content regulations. The European Commission stated that X violated three provisions of the Digital Services Act and gave X 60 days to provide a solution and 90 days to implement it. (Jin10)

The CEO of the asset management giant, whose IBIT is the largest of the spot BTC ETFs, said the state actors were buying not for a trade, but to hold for years.

The recovered tokens, spanning multiple networks and assets, will be paid out in the same tokens as originally provided, with a claim mechanism being developed.

FINRA found the number of people invested in crypto was steady from 2021 to 2024, but fewer were considering either buying more or investing for the first time.