#美国核心物价涨幅不及市场预估 $AXS $DASH $XRP

【Federal Reserve Policy Old Debts Resurface, Market Sentiment Sends Ripples Again】

A set of meeting records from five years ago has suddenly surfaced, revealing details of the Federal Reserve's internal meeting in September 2020. At that time, Powell advocated for maintaining zero interest rate policy and promised "no rate hikes until inflation reaches 2%." Now it seems that the aftermath of this decision is quite significant—inflation eventually soared to 7%. Many Fed officials had warned about this back then, but unfortunately, their concerns were not heeded.

What happened? Simply put, policymakers misjudged the situation at that time. They missed the window to adjust in a timely manner, and by the time they realized they needed to raise rates, inflation had already gotten out of control. What impact does this have on the crypto world?

First, liquidity. The Fed's credibility has taken a hit because of this, and future policy commitments will be more cautious and conservative. Don't expect rate cuts to come easily; according to the dot plot, there might be only two rate cuts in 2025, possibly pushed back to around September. This means that loose monetary policy is unlikely in the short term, and risk assets will face a tougher environment.

Next, policy uncertainty. The "data dependency" narrative has now become an excuse for swings—once inflation data shows any movement, the Fed might quickly shift stance. This unpredictability is highly disruptive to market rhythm.

From an operational perspective, the current strategy should be defensive. Gradually accumulate spot holdings, hold some leading cryptocurrencies like $BTC and $ETH as a hedge, and avoid high leverage. Until liquidity conditions are confirmed, market volatility could intensify at any time. Staying alert is more valuable than chasing rallies.