On January 18, in the last trading week before Trump returned to the White House, positive inflation data and dovish remarks from Federal Reserve Governor Waller caused market expectations to rebound in interest rate cuts. The money market is currently pricing the Fed's interest rate cut in 2025 at about 40 basis points. As the Federal Reserve enters a silent period, U.S. economic data will be lighter next week. The market will focus on the beginning 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: Monday, the annual meeting of the World Economic Forum in Davos will be held until January 24; Wednesday at 23:00, the monthly rate of the leading indicator of the U.S. Council for December; on Wednesday at 23:05 and Friday at 18:00, European Central Bank President Lagarde delivered a speech; At 21:30 on Thursday, the number of initial jobless claims in the United States for the week to January 18; To be determined on Friday, the Bank of Japan announced its interest rate decision and economic outlook report. At 12:30, Bank of Japan Governor Kazuo Ueda held a press conference on monetary policy; at 22:45 on Friday, the US January S & P's global manufacturing and services PMI initial value. Given Trump is expected to announce policies friendly to cryptocurrencies, it is possible that Bitcoin will fly higher. According to people familiar with the matter, Trump plans to issue an executive order to elevate cryptocurrency to a "policy priority" and give industry insiders a say in his government, marking a possible major shift in U.S. cryptocurrency policy. It is reported that the executive order will also include suspending any litigation involving cryptocurrencies and considering establishing a national bitcoin reserve.