#美联储重启降息步伐 This week could be a turning point for holders. Several key macro data releases are clustered together and could directly set the tone for this month’s market trend.

Let’s break down the main points—

**On December 9**, the JOLTs Job Openings report will be released. The market expects 7.2 million, but this number is quite tricky: if the actual data comes in lower than expected, it means the job market is cooling, which would give the Fed more confidence to cut rates later—the liquidity environment would loosen up a bit. On the flip side, if the data is stronger than expected, expectations for rate cuts in 2026 might get pushed back, which isn’t great news for risk assets.

**The real highlight is on December 10.** The outcome of the FOMC meeting is pretty much a foregone conclusion—markets are pricing in a 94% chance of a 25 basis point cut. The key is what Powell says after the meeting. Some analysts speculate he might mention “reserve management bond purchases,” which basically means injecting money into the banking system to ease liquidity pressure on small and medium-sized banks.

If Powell sends a dovish signal that day—like emphasizing falling inflation, weakening employment data, or keeping future policy flexible—crypto assets are likely to see a reflexive rally. But if he comes out with another hawkish statement like last time, $BTC and a bunch of altcoins could take another hit.

**Then, on December 11**, there’s the PPI data. This looks at price pressure on the production side: if the data runs hot, markets will get nervous in the short term; if it’s weak, it’ll add fuel to the “inflation is slowing” narrative.

In plain English—bitcoin is highly correlated with US Treasury yields and the US Dollar Index. When yields fall, the dollar weakens, and liquidity loosens, bitcoin rises. Historically, every time the Fed turns dovish, capital first rushes into $BTC, then $ETH, and finally altcoins join the rally.

If the data plays along and Powell says something the market likes, $SOL and other altcoins could really start to perform. But if expectations fall flat, then it’ll just keep grinding sideways. Either way, keep a close eye on things these next few days—volatility is guaranteed.