The Federal Reserve's independence is under challenge, and expectations of interest rate cuts may be disrupted.

【CoinPush】Interesting news is coming. An economist from a major Dutch bank recently published an analysis indicating that the current pressure survey faced by the Federal Reserve Chair may rewrite the Fed’s short-term interest rate cut pace.

How does it affect? The key lies in the independence of the Federal Reserve. If this pressure persists, the board members may tend to adopt a more hawkish stance—simply put, under political pressure, they might be more cautious or even tougher when it comes to interest rate cuts.

The trigger for this survey was the cost overruns in the headquarters renovation project. On the surface, it appears to be an administrative issue, but in reality, it is viewed as a form of pressure. Economists believe that such pressure is likely to cause the Fed to delay its decision on interest rate cuts in the short term.

For the crypto market, this has a significant impact. The Federal Reserve’s policy orientation has always been a crucial variable in determining market trends. The delay in rate cut expectations suggests that liquidity conditions may be tighter than expected. Investors should closely monitor this development.