Fed Stance Shifts, Rate Cut Window Pushed Back to 2026

Last night's disappointing non-farm payroll data added only 50,000 jobs, with unemployment rising to 4.4%, signaling a weakening labor market. However, the Fed remained unmoved, maintaining its hawkish stance and explicitly stating that disinflation progress falls short of expectations with no rate cuts planned in the near term. A glance at futures markets reveals the intensity of market reaction—the probability of a March rate cut has plummeted below 30%, as investors have completely abandoned hopes for looser monetary policy. Capital is now exiting interest-rate-sensitive assets and flowing toward sectors supported by strong narratives.

Energy and AI Arms Race Escalates, Electricity Becomes New Strategic Lifeline

AI giants have noticeably accelerated their nuclear energy deployments recently, and this signal is crucial—the computing power competition has evolved into an "energy decides victory" stage. It's easy to understand: electricity is the foundational infrastructure supporting computing operations, replacing traditional oil's former position as a strategic chokepoint in the tech industry. Nuclear energy, energy storage, grid upgrades and the entire industry chain are entering explosive growth windows. The shockwaves from this energy revolution are spreading from traditional industry to the crypto ecosystem.

Three Tracks Form a "Golden Triangle," New Profit Logic Under High Rates

Against the backdrop of monetary policy withdrawing from center stage, market profits are concentrating heavily in three directions. The energy track benefits from industrial revolution dividends, AI computing represents technological upgrade direction, and MEME tokens achieve flexible rallies driven by sentiment. These three are not contradictory but rather complementary—energy provides foundational support, AI provides technological direction, MEME provides liquidity and momentum. During the sustained high-rate environment, this "energy + AI + MEME" combination has become crypto market's core profit engine.

Computing's endgame points to energy, and the market's main line has shifted to "energy + MEME" dual-driver model. Is a new market boom being incubated? Based on current capital flows and policy signals, the answer appears increasingly clear.