$ETH There's a voice in the market lately that's worth listening to—a chief economist has stepped up to throw some cold water on the rate cut euphoria.

She put it pretty bluntly: Everyone's hopes for rate cuts in 2026 are a bit too rosy. If inflation doesn't behave and economic data remains resilient, the Fed might do a token cut in December and then hit the brakes. The market right now looks like it's celebrating all the good news from the next two years in advance.

It’s a buzzkill, but honestly, it hits the nail on the head.

This current rally is largely built on the rosy idea of "unlimited easing." But if reality turns out to be less dovish, market sentiment can flip faster than a page in a book. For crypto, this doesn't mean the bull run is over, but it’s a reminder: the logic behind the uptrend is getting more complex, and one-sided thinking can be costly.

Here are some hard truths for everyone:

**Don’t treat “possible” as “certain.”** Long-term easing is the trend, but short-term volatility will increase. The market needs time to digest all the noise.

**Next week is what really matters.** No expert prediction beats the Fed actually speaking for itself. Powell’s comments will set the tone—that’s the real money signal.

**Ask yourself if your positions can handle it.** If rate cut expectations get scaled back, will your holdings keep you up at night? When it matters most, managing risk beats guessing the market’s direction.

That’s how markets work—they’re always swinging between extreme euphoria and panic. When everyone’s shouting “buy,” listening to a different voice doesn’t hurt. After all, making money comes from staying clear-headed, not just following the crowd.

At this stage, caution is worth more than blind optimism.