December 19｜Overnight Key Highlights 🌙

🔹 Former Advisor Says Fed Still Has Room for Rate Cuts

Hassett stated that the Federal Reserve still has significant room for rate cuts,

indicating potential for further monetary policy easing.

🔹 U.S. CPI Growth Below Expectations

The U.S. November CPI rose by 2.7% year-on-year, below market expectations,

showing signs of easing inflationary pressure.

🔹 Core CPI Growth Unexpectedly Slows

The U.S. core CPI unexpectedly slowed to its lowest level since 2021,

with upward price momentum further weakening.

🔹 Interest Rate Futures Pricing in Rate Cut Expectations for Next Year

Market pricing indicates that the Federal Reserve is expected to cut rates by 62 basis points next year,

clarifying the path for easing policies.

🔹 President Reveals Progress in Fed Chair Selection

Trump stated that he is speaking with three or four candidates for the Federal Reserve chair,

and described two of them as "great," with the personnel process continuing to advance.

🔹 Solana Chain's DePIN Project Completes Financing

The DePIN project Fuse Energy on the Solana chain completed a $70 million Series B financing,

showing that decentralized infrastructure networks continue to receive capital support.

🔹 Industry Insiders Believe Crypto Legislation Is Close to Passing

David Sacks stated that it is "closer than ever" to passing legislation on cryptocurrency market structure,

with the industry's compliance outlook further clarified.

📌 One-Sentence Summary:

Lower-than-expected inflation data strengthens rate cut prospects, the Fed chair selection enters a substantive phase, Solana ecosystem projects receive significant financing, and the market maintains positive expectations driven by policies, personnel, and capital.