#美联储重启降息步伐 The Fed’s latest move is more than just a rate cut.

With two rate cuts implemented this year, the interest rate range is now locked at 3.75%-4.00%—this marks a real turning point for global monetary policy. As inflation cools and employment data softens, the Fed has finally loosened its stance. CME data shows that the market expects a 71% chance of another rate cut in December, and all three major U.S. stock indexes closed higher in response—capital’s instincts are even sharper than policy statements.

The chain reaction of looser liquidity has already begun. The dollar’s appeal is subtly weakening, and emerging markets are entering a window for capital inflows—historical experience tells us that in the six months following a rate-cut cycle, emerging markets can absorb capital inflows equivalent to 1.2%-1.8% of GDP. This isn’t just theoretical—it’s a real shift in the flow of funds.

There are still internal divisions within the Fed. The gradual 25 basis point adjustments are designed to meet the market’s desire for easing, while still maintaining the bottom line of monetary policy independence. The balance sheet reduction is nearing its end, and asset portfolio optimization is now on the agenda.

The question now isn’t “Will there be a cut?” but “How do we seize the opportunity?” With the liquidity gates slowly opening, the global asset reshuffling game has begun. Understanding policy signals and identifying value opportunities are the keys to positioning yourself correctly in this cycle. $BTC $ETH The valuation logic of these core assets is being redefined.