The pro from the New York Fed said, "There is still room for interest rate cuts," and the market sentiment was instantly ignited—December rate cut expectations jumped directly from 40% to over 70%. Look at the unemployment rate, it's at 4.4%, the highest point in four years, and the job market is obviously struggling. If we're not going to engage in point shaving now, then what are we waiting for?

But speaking of which, when that meeting was held in December, the latest employment and inflation data had not yet been released, and there were always a few dissenters internally... But the market has already raised expectations to the max. At such times, how can the crypto world and the US stock market not get agitated? BTC, ETH, and other mainstream coins might just make some noise riding on this wave of macro expectations.