#通货膨胀 Recently flooded social media with the Fed's rate cut decision, finally understanding a bit 🤔 I heard inflation and rate cuts seem to be a "famous" pair?

After reading the news, I realized that the US CPI is still between 2.5%-2.7%, exceeding the 2% target, which means money is becoming less valuable. But at the same time, the Federal Reserve still decided to cut interest rates. Isn't that contradictory? Later, I found out that the labor market isn't doing well, with the unemployment rate hitting a three-year high, which is the main reason for their rate cut.

What’s a bit confusing is that the news mentions credit card debt has already surpassed $1.2 trillion, with an average interest rate over 20%. That sounds really scary😅 Household finances are tight—can a rate cut help? Or will it cause more market volatility?

Analysts say there might be a 100 basis point rate cut next year. Is this good news for the crypto world? I heard that funds will be cheaper, but does a weak economy also mean risk assets are more vulnerable to shocks? As a newbie, I’m still a bit confused. Can any experts explain whether a rate cut is good or bad for cryptocurrencies? Please advise!