#数字货币市场洞察 The Beige Book sent a pretty clear signal this time! Although the wording still has that standard, measured official tone, the dovish undertones are impossible to hide.

The data speaks for itself—most of the 12 districts’ economies are flat, consumer demand is clearly cooling, downward pressure keeps piling up, and inflation has finally eased a bit. The market, always quick to react, instantly pushed rate-cut expectations to 87%, pretty much locking it in. Wall Street heavyweights like Goldman Sachs and JPMorgan have also turned bullish on easing, sounding almost certain about it.

To put it bluntly, the central bank is stuck between a rock and a hard place. Market expectations are maxed out; even stronger-than-expected nonfarm payroll data can’t shake this momentum. If they stubbornly refuse to cut in December, even a certain former president might get restless—after all, with such strong calls for easing, nobody wants to be blamed for “dragging down the economy.”

Over in crypto, the celebration has already started, and the rebound is picking up steam. Now all eyes are on that key December meeting to see if the central bank leadership will go with the flow and give the market some reassurance. Once that decision is made, it could set the tone for the first half of next year!

$BTC