According to Odaily Planet Daily, foreign exchange strategist Audrey Freeman stated that the moderate December CPI data provided a welcome respite as expectations of a Federal Reserve rate cut began to be questioned, suggesting it is still too early to abandon expectations of a Fed dovish shift this year. This also means it may be premature to abandon a bearish view on the dollar driven by a Fed (rate cut) in 2026. (Jinshi)

A U.S. federal judge has temporarily halted a cease-and-desist order from Tennessee-mandated prediction market operator Kalshi to close its sports betting contracts in the state, freezing a cease-and-desist notice. The court will consider whether the company's platform, regulated by the U.S. Commodity Futures Trading Commission (CFTC), should be exempt from state gambling laws. The order, signed Monday, suspends enforcement actions by the Tennessee Sports Betting Commission and the state attorney general. Previously, regulators ordered Kalshi, Polymarket, and Crypto.com to cease offering sports-related contracts to Tennessee residents and to cancel open contracts and refund customer deposits by January 31. Tennessee officials initially warned of potential fines of up to $25,000 per violation and possible referral to law enforcement. Kalshi countered that the dispute was a jurisdictional conflict between state gambling enforcement and federal commodity laws. In its federal complaint, the company argued that Tennessee's actions violated the CFTC's "exclusive jurisdiction" over derivatives trading on designated exchanges, and countered that the state's threatened enforcement action was preemptively addressed by the Commodity Exchange Act. (The Block)

According to Odaily Planet Daily, market analyst Ira Jersey stated that the reassurance brought by the lack of a substantial surge in US inflation has led to blind optimism in the market and pushed up bond yields. The overall CPI increase of 2.7% year-on-year implies that the core PCE annual rate will be below 2.5%, paving the way for the Federal Reserve to adopt a more dovish stance. While a January rate cut is not considered a certainty, it undoubtedly brings the possibility of a March rate cut under consideration. (Jinshi)

Odaily Planet Daily reports that traders have increased their bets, believing the Federal Reserve may not wait until Fed Chairman Powell's term ends in May to cut interest rates, following a report from the U.S. Bureau of Labor Statistics that basic consumer price increases were slightly lower than expected. While traders still consider a June rate cut the most likely outcome, the latest data projects a 42% probability of a Fed rate cut in April, up from 38% before the data release. (Jinshi)

Odaily Planet Daily reports that shares of Trump Media Technology Group (DJT.O) rose 1.7% in pre-market trading after the company launched four "America First" themed investment strategies. (Jinshi)