According to news on December 23, the Federal Reserve cut interest rates around last week's market. Although the rate cut interest rates by 25 basis points as scheduled on Wednesday, the released dot chart and the hawkish stance of the post-meeting speech far exceeded expectations. The prospects for interest rate cuts next year were halved. The risk market is facing December. The biggest correction since the month, and the market is in panic. According to 4E monitoring, after PCE data was released on Friday, the three major U.S. stocks rebounded all closed up more than 1%. The S & P 500 index fell 1.99% in a week, and the Dow fell 2.25%. The Nasdaq index fell 1.78%. The crypto market suffered a decline in the first week after Trump was elected, and the market fell across the board. After Bitcoin rebounded from US$92,000 to nearly US$100,000 on Saturday, it began to fall again in shock. It reported US$94,010 at the moment, down 3.19% in the past 24 hours and 10.35% on the 7th; Ethereum fell below US$3300, down more than 18% on the 7th, and the copycat market fell sharply. Bitcoin spot ETF funds experienced a net outflow for the first time after 15 days. In terms of foreign exchange stocks, the US dollar index rose 0.76% this week due to the Federal Reserve's hawkish interest rate cuts, rising for three consecutive weeks. Non-US currencies fell throughout the week; oil prices fell more than 2% in a week; spot gold fell 0.96% last week. This fall has collectively suffered a setback for risky assets, mainly due to the selling panic brought about by the situation where interest rate cuts are hit. It is a re-pricing of the market around next year's interest rate cut expectations. It is not a recession narrative based on economic fundamentals. This still has long-term solid support for risky assets. During the Christmas holiday entering the European and American markets this week, liquidity is generally poor, which will further increase market volatility and have strong risk aversion in the market. ee.com is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets. It recently launched the USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with potential safe-haven options. 4E reminds you to pay attention to market volatility risks and rationally allocate assets.