#美联储降息预期 The Federal Reserve's pace of rate cuts is indeed slowing down — this signal is quite interesting. Looking at the data from the dot plot, the expectations of officials in 2026 vary widely, with the most aggressive advocating for a 150 basis point cut, while the most conservative simply not cutting at all. What does this reflect? Increasing uncertainty about the economic outlook.

Honestly, this is a double-edged sword for the crypto market. In the short term, the slowing of rate cut expectations may suppress the enthusiasm for risk assets, but from a long-term perspective, we need to see the more important underlying logic — the interest rate policy of the traditional financial system is caught in a dilemma: cutting rates risks stimulating inflation, while not cutting rates raises concerns about economic slowdown. This dilemma precisely illustrates the limitations of centralized financial decision-making.

And this is where the advantages of Web3 and decentralized finance become evident. DeFi interest rates are entirely determined by supply and demand, unaffected by any single institution; DAOs make decisions through transparent on-chain governance, allowing participants to directly see every fund flow. This transparency and resistance to censorship are exactly the directions more and more people are longing for.

Rather than stressing over when the Federal Reserve will cut rates, it’s better to focus on those projects that are building the true financial future. Crises are often the starting point for opportunities — and this time is no exception.