PANews reported on January 18 that in the last trading week before Trump returned to the White House, positive inflation data and dovish comments from Fed Governor Waller have led to a rebound in market expectations for rate cuts. The money market is currently pricing in a 40 basis point rate cut by the Fed in 2025. As the Fed enters a quiet period, US economic data next week will be light, and the market will focus on the start of President Trump's term and its potential market impact. The following are the key points that the market will focus on in the new week:

On Monday, the World Economic Forum's annual meeting in Davos will be held until January 24;

At 23:00 on Wednesday, the monthly rate of the Conference Board’s leading index for December in the United States;

European Central Bank President Christine Lagarde will speak at 23:05 on Wednesday and 18:00 on Friday;

At 21:30 on Thursday, the number of initial jobless claims in the United States for the week ending January 18;

Friday is to be determined. The Bank of Japan will announce its interest rate decision and economic outlook report. At 12:30, Bank of Japan Governor Kazuo Ueda will hold a monetary policy press conference.

At 22:45 on Friday, the preliminary values of the US S&P global manufacturing and services PMI for January will be released.

Bitcoin has the potential to fly higher given that Trump is expected to announce crypto-friendly policies. People familiar with the matter revealed that Trump plans to issue an executive order to elevate cryptocurrency to a "policy priority" and give industry insiders a voice in his government, marking a possible major shift in U.S. cryptocurrency policy. It is reported that the executive order will also include a suspension of any lawsuits involving cryptocurrency and consideration of establishing a national Bitcoin reserve.