#ETH走势分析 $PEPE $DOGE $ICP

A Fed rate cut in December is already a foregone conclusion, but Powell's recent comments have made the market nervous—this is likely to be a "hawkish rate cut."

The latest reports show that the Fed is experiencing its most intense policy disagreement in recent years. Multiple Wall Street institutions believe that although there will be a rate cut this month, the likelihood of continued easing in January is rapidly fading.

Analysts at Bank of America described the current internal divisions within the Fed as "unprecedented," and believe Powell must present a tougher stance to curb overheated market expectations. JPMorgan's chief economist expects Powell to repeatedly emphasize one point after the meeting: the post-cut interest rate will still be near neutral levels, and whether there will be further easing will depend entirely on employment data.

What does this mean for the crypto market?

First, expectations for loose dollar liquidity are cooling. Second, it remains uncertain whether core assets like Bitcoin and Ethereum can withstand the selling pressure brought on by this shift in expectations. More importantly, sidelined capital may choose to keep waiting, delaying the bottom-buying opportunity.

Every detail ahead is worth watching: the wording of the Fed's statement, Powell's specific comments at the press conference—any signal could trigger significant market volatility.

This internal game within the Fed is creating uncertainty for the entire crypto market.