Some people are saying that the US economy is going to take off in 2024? Don’t jump to conclusions just yet.

Kevin Hassett, the big shot from the US National Economic Council, recently made a statement—unless something unexpected happens, economic growth in the first two quarters next year could hit 3%. He went even further, directly calling out the Fed: "Now is the time to cut rates, don’t hesitate."

The market has already been getting restless. The data from CME is crystal clear: there’s an 86.2% chance of a 25 basis point rate cut in December, and only a 13.8% chance of no cut at all. If this really happens, rates will drop from 4.00% to 3.75%.

The key moment is right around the corner—at 3:00 a.m. Beijing time on December 11, the Fed will announce its decision; half an hour later, Powell will hold a press conference. This move will directly impact global liquidity, and major coins like ETH will most likely follow the volatility.

To be honest, with rate cut expectations this strong, will money from traditional finance flow into the crypto market? Or is everyone just waiting for the dust to settle? Either way, this is a pretty delicate moment.

Do you think the Fed will follow market expectations this time? Are rate cuts actually bullish for the crypto market, or just a bull trap? Let’s discuss in the comments and see how everyone is evaluating this round of market action.