#密码资产动态追踪 $SOL $ZEC

The Federal Reserve Signals Key Shift: Rates Have Entered the Neutral Zone

Federal Reserve Board Member Barkin's recent remarks have drawn market attention — the current interest rate policy is already at a neutral level, effectively putting a "stabilizer" on the economy. After a 75 basis point cut in 2025, the Fed clarified its stance: no more large adjustments, shifting instead to precise fine-tuning.

This seems positive, but the hidden risks remain. The PCE price index is still stuck at 2.8%, well above the 2% target. On the surface, employment data looks decent, but hiring is slowing down. This "seemingly stable but actually softening" situation indicates the economy faces dual constraints of inflation and employment.

What will happen in 2026? No one dares to make promises. The Fed has stated it will not preset a path, relying entirely on upcoming data. The key is whether a balance between inflation and employment can be achieved — too aggressive rate cuts might fail to control prices, while being too conservative could hinder growth. Walking this "tightrope" requires great caution.

Looking optimistically, tax cuts + rate cuts + deregulation could serve as growth catalysts. However, concerns about high market concentration and investor sentiment remain.

The bottom line: don’t expect the Fed to continue aggressive rate cuts. What does "neutral" mean? It indicates limited policy space, and the market must find opportunities on its own. For holders of cryptocurrencies like $SOL, $ZEC, this means being more cautious in assessing macroeconomic changes.