#数字资产动态追踪 The recent remarks from the new Federal Reserve decision-makers have reassured the market: as long as the economy doesn't face major issues, interest rate cuts could begin by the end of 2026. For risk assets, this is considered a mild positive—clear direction, confidence in the outlook, no need to guess daily when the central bank will shift policy.

The key point is that her statements highlight a deeper logic: factors like immigration and labor supply are systematically changing the Fed's decision-making framework. Inflation, employment, and economic growth are intertwined, and the health of the labor market directly determines the subsequent policy direction.

In simple terms, she is outlining a "conditional roadmap" over the next two years. The main premise is: inflation continues to decline, employment must not collapse, and the economy must maintain moderate growth. As long as these three conditions are met, rate cuts before the end of 2026 can be implemented. But the biggest variable on this path—and the focus the Fed is closely watching—is still the complex and pressured labor market.

For holders of $BTC and $ETH , this means a relatively clear macro outlook framework—at least until the second half of next year, policy tone is unlikely to undergo drastic changes.