#美联储货币政策# Looking back, the Fed's monetary policy has always affected the nerves of global markets. This time, Goldman Sachs predicts three rate cuts within the year, which reminds me of the period after the 2008 financial crisis. At that time, in order to stimulate economic recovery, the Fed repeatedly cut rates, bringing the interest rate down to nearly zero.

Currently, weak employment data seems to once again serve as a catalyst for interest rate cuts. The number of new jobs added each month is only 30,000, far below the 80,000 needed for full employment, which is indeed concerning. However, we must also be wary of overinterpreting a single indicator. History tells us that economic operations are often more complex than a single piece of data.

It is worth noting the phenomenon of "compensatory hiring" mentioned by Goldman Sachs fading away. This reminds me of the situation after the burst of the internet bubble, when many industries also experienced a similar cooling in hiring. However, after that crisis, the technology sector rose again, bringing about a new wave of job growth.

If interest rate cuts really happen, what impact might it have on the cryptocurrency market? Historical experience shows that loose monetary policy often drives up the valuations of risk assets. However, we must also remember that the market environment of each era has its uniqueness and we cannot simply apply past experiences.

In this period full of uncertainty, it may be wise to maintain cautious observation and respond flexibly. After all, as we have seen in past cycles, the market is always seeking new equilibrium amidst change.