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1Bitget Daily Digest (Dec. 16)｜Crypto market sees $508 million in long liquidations over 24 hours; Hassett faces opposition from Trump-aligned senior figures in Fed chair contest2Bitget US Stock Morning Report | US Stocks Fluctuate and Retreat, Tesla Hits New High for the Year, Fed Shows Strong Economic Confidence, Non-farm Payrolls to be Released Tonight, Commodity Prices Fluctuate Violently3Bitcoin sees ‘pure manipulation’ as US sell-off liquidates $200M in an hour
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Flash
- 21:10The three major U.S. stock indexes closed mixed.According to Jinse Finance, the three major U.S. stock indexes closed mixed, with the Dow Jones Industrial Average down 0.63%, the Nasdaq up 0.23%, and the S&P 500 down 0.24%. Tesla rose more than 3%, reaching a new all-time high since its listing.
- 21:09The Dow Jones Industrial Average closed down 302.3 points, and the S&P 500 fell 16.25 points.ChainCatcher News, according to Golden Ten Data, the Dow Jones Industrial Average closed down 302.3 points, a decrease of 0.62%, at 48,114.26 points on Tuesday, December 16; the S&P 500 Index closed down 16.25 points, a decrease of 0.24%, at 6,800.26 points; the Nasdaq Composite Index closed up 54.05 points, an increase of 0.23%, at 23,111.46 points.
- 20:52Fed's Bostic Insists on Tightening: Inflation Will Remain Above 2.5% Until the End of Next YearJinse Finance reported that the soon-to-retire Atlanta Fed President Bostic stated in an article on Wednesday that the Federal Reserve should continue to focus on addressing inflation issues, and he expects elevated price pressures to persist for most of next year. Bostic also revealed that at the Fed's December policy meeting, he not only favored keeping interest rates unchanged, but also recommended maintaining this level throughout 2026, citing that economic tailwinds may continue to exert upward pressure on inflation. He wrote: "After weighing all considerations, I still believe that price stability is the clearer and more urgent risk. There are almost no signs that price pressures will dissipate before the middle to late 2026 at the earliest, and it is expected that even by the end of 2026, inflation will still be above 2.5%." Regarding the labor market, he stated that although labor demand is cooling, a severe labor market recession is not the most likely scenario.
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