The Fed's latest decision just came through—they're cutting rates by 25 basis points, though it wasn't unanimous. The vote split 9-3, showing some lingering concerns in the room. Inflation sitting at 2.8% tells you the pressure's still there, especially with employment risks creeping in from below. What's interesting is their forward guidance: they're projecting inflation settling back to the 2% target by 2028. That's a pretty lengthy runway, which means the rate environment could stay fluid for a while. This kind of macro backdrop tends to shape how asset classes move, including digital assets, so it's worth keeping tabs on.