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According to a research report by Guotai Haitong, in December, the U.S. job market continued to experience low hiring and low layoffs, with the unemployment rate unexpectedly falling to 4.4%. The growth of new jobs showed a slowing trend, and subsequent annual revisions may result in downward adjustments. Since the unemployment rate did not rise further and the risk of a sharp slowdown in the job market remains low, the Federal Reserve may have room to pause interest rate cuts. CME data shows that after the release of the non-farm payroll data, the market expects only a 5% probability of a rate cut in January. In 2026, the market expects the Federal Reserve to cut rates twice, with the timing postponed to June and September. Future expectations for rate cuts may depend on the appointment and statements of the new Federal Reserve Chair.

 Ethereum core developer timbeiko.eth announced on the X platform that his focus will shift from L1 development to exploring Ethereum's cutting-edge use cases in the coming months. However, he clarified that he will not leave the Ethereum Foundation (EF), but his role will change to that of an Ethereum protocol advisor. His current top priority is to ensure a smooth transition of AllCoreDevs and its responsibilities within the Ethereum Foundation. It is reported that Ansgar has agreed to extend his term as the interim chair of the ACDE meetings, and timbeiko.eth will also assist during the transition period until a stable long-term plan is established. timbeiko.eth added that 2026 will be a critical year for all layers of Ethereum, and now is the best time to explore in depth.

According to ChainCatcher, citing a report from Golden Ten Data, Founder Securities stated in its research report that the December non-farm payroll data was mixed. The overall U.S. job market is on a moderate downward trend, but the marginal improvement in the unemployment rate gives the Federal Reserve more reason to remain on hold in January. The market is pricing in no rate cut by the Federal Reserve in January, with the earliest possible rate cut expected in June. As the Supreme Court may declare IEEPA tariffs unconstitutional, economic expectations may marginally improve, inflationary pressures are weakening, and U.S. Treasury bonds face short-term headwinds, while U.S. stocks benefit from the boom in AI and reduced tariff disruptions.