The recent release of the Federal Reserve's December meeting minutes is quite interesting—on the surface, it looks like a rate cut, but internally, there's a lot of debate.

In simple terms, many officials who initially advocated for a rate cut have now changed their stance. They openly admit that this rate cut was less of an active move and more the result of tug-of-war among different parties. If conditions allowed, they would prefer to sit back and wait for more data before making any decisions.

A more critical signal has emerged: some officials have indicated that the Federal Reserve might pause and keep interest rates at the current level. Of course, most officials still agree that as long as inflation continues to decline, there will be room for future rate cuts.

Interestingly, the Federal Reserve has shown clear divisions in two consecutive meetings, which is rare in history. The current situation is indeed awkward—trying to prevent an economic slowdown while keeping inflation from rebounding, policy is like walking a tightrope.

For those paying attention to cryptocurrencies, these changes directly impact market expectations. Every hesitation by the Federal Reserve could trigger asset price fluctuations. As we start 2025, this uncertainty in monetary policy is becoming a key variable in the market.