Powell Signals Cooling U.S. Labor Market Ahead of U.S. CPI, Core CPI and Jobless Claims Release; Goldman Sachs Sees End of Insurance Rate Cuts

COINOTAG News notes that the U.S. macro docket for the session includes the November non-seasonally adjusted CPI with a YoY forecast of 3.1%, as well as Initial Jobless Claims and the Core CPI YoY reading, all due at 21:30 Beijing time. These releases shape risk appetite and inform expectations for the Fed policy trajectory, influencing liquidity dynamics that feed into the crypto market.

In a December 11 address, Powell argued the labor market is cooling gradually while inflation remains elevated, with upside risks to prices. Goldman Sachs analyst Kay Haigh contends the Fed is at the endpoint of “insurance rate cuts,” noting that any further easing would require softer labor data to justify it. For Bitcoin, Ethereum, and broader digital assets, policy normalization and rate expectations remain key drivers of volatility and liquidity, shaping risk premia across crypto markets.