Today’s FOMC meeting was way more important than the headline rate cut.

Yes, the Fed delivered the expected 25 bps cut… but the real surprise came right after.

Powell announced that the Fed will begin buying T-bills starting December 12, at around $40B per month. And the key part?

He said these elevated purchases will continue for a few months, which basically confirms the Fed is now shifting toward adding liquidity — right after ending QT on December 1.

That’s a massive policy shift in just 12 days.

Powell also gave a hint about the broader economy: he expects US growth to pick up in 2026. If that plays out, ISM could easily move back above 50, which historically lines up with strong altcoin seasons.

A few other notable points from Powell:

Rate hikes are off the table. From here, it’s either a pause or more cuts.

He acknowledged inflation is still sticky, but also emphasized the labor market is weakening.

He hinted that interest rates are now sitting near a neutral zone, meaning we shouldn’t expect aggressive cuts anytime soon.

And importantly — this is not QE. The Fed is buying short-term T-bills, not long-duration assets.

Overall, the meeting leaned slightly hawkish because Powell pushed back on immediate QE and signaled a slower path for cuts. But the liquidity shift (QT ending + T-bill buying) is still a meaningful development for markets, especially crypto.