#美联储降息预期 The Fed's recent move is truly remarkable, with hawks and doves tearing each other apart internally. The market was already expecting a 25 basis point rate cut, but Powell faced opposition from half of his colleagues, which is rare in recent years.

The key point is that the dot plot signals are more hawkish than the dissenting votes on the surface, with six members not wanting to cut rates at all. This sends a more hawkish signal than the two members who publicly opposed the move. Essentially, they have raised the threshold for future rate cuts.

Speaking of which, is this "internal war" good or bad for the crypto market? In the short term, the rate cut expectations might be dashed, leading to a liquidity gap in the market. But in the long term, if the Fed truly shifts to a hawkish stance, it means the high-interest-rate cycle will be prolonged, which could significantly impact risk appetite in the crypto market.

Market sentiment is likely to be anxious now, as the positive expectations have been dashed with a cold splash of water. The next key factors to watch are employment data and inflation trends, as these two indicators could determine the Fed's true stance.