#美联储降息 The new Federal Reserve voting member has signaled that interest rates will be frozen until spring next year, as inflation remains the real concern. The logic is quite straightforward—after three consecutive rate cuts, it's time to take a breather and see the effects.

The key point is the judgment that "inflation is still high," which indicates that the room for rate cuts isn't as large as imagined. Although there are some signs of weakness in the labor market, inflation still takes precedence. Locking in before spring next year sends a clear signal to the market: don't expect further easing; first, observe how tariffs and commodity prices move.

For the crypto world, this is actually a clear anchoring expectation. With interest rate policies stabilized, there are fewer policy uncertainties to stir up, which can instead provide a relatively clear backdrop for the market. In the short term, it may seem like "there are no surprises," but stability itself is a kind of opportunity. Let's see how the market digests this moving forward.