#美联储降息预期 Reflecting on history, this time the Fed's decision reminds me of the period following the 2008 financial crisis. At that time, there were also consecutive interest rate cuts and large-scale asset purchases to inject liquidity into the economy. Now, with the second consecutive interest rate cut and the announcement to end the balance sheet reduction, it is obviously a concern about the increasing risks of economic downturn.

However, it is worth noting that there were two votes against the resolution this time. One member believed that rates should be cut more aggressively by 50 basis points, while the other preferred to hold steady. This divergence reflects the complexity of the current economic situation.

Historically, a shift in monetary policy often indicates that a turning point in the economic cycle is approaching. However, how it will specifically evolve requires close attention to subsequent economic data. We must not forget that excessively loose monetary policy can also lead to asset bubbles and inflation risks.

For the cryptocurrency market, a shift in Fed policy usually brings short-term benefits. However, in the long run, it is more important to focus on the development of the industry itself. The past few cycles of bull and bear markets have proven this point. We should learn from it and not be blinded by short-term fluctuations.