U.S. stock index futures and cryptocurrencies are collectively falling, yet the Federal Reserve's expected rate cut is not being well received by the market?

Currently, there are probably three reasons:

First, Oracle Corporation's stock price plummeted by 11.5% after hours, deepening market concerns about the AI bubble;

Second, although the Federal Reserve cut rates, the "dot plot" maintains the prediction of only one rate cut in 2026;

Third, the market has recently been reacting to the Bank of Japan's interest rate hikes. This morning, a former official of the Bank of Japan further predicted that there may be four interest rate hikes by 2027.