The interest rate meeting early this morning and Chairman Powell's speech from the Federal Reserve, as always, presented dovish data paired with hawkish statements, stabilizing market sentiment.

GDP ▶️ The current expectations have improved compared to September, with GDP showing steady growth.

Unemployment Rate ▶️ There is not much deviation from the September expectations; the overall unemployment rate is slowly declining, but the actual impact of AI on the labor force/redundancies is still under close observation.

PCE ▶️ The inflation target remains at 2%, but overall policy will still focus on balancing economic development, the labor market, and inflation data.

Federal Funds Rate ▶️ Although the official report maintains the expectation of a 25 basis point cut in 2026, the dot plot is leaning towards accelerating rate cuts compared to September, and expectations on FedWatch indicate rate cuts in April and September of next year.

Additionally, there is an extra point regarding RMP (Reserve Management Purchases), which plans to purchase $40 billion of U.S. Treasuries each month to maintain overall liquidity. Compared to active QE, this is considered a more neutral policy, not rapidly stimulating market sentiment while also easing market liquidity.

In summary, although there is not much immediate impact on cryptocurrency prices in the short term, in the medium to long term, steady financial development combined with a low interest rate monetary policy remains a potential positive for risk assets, making it a nice piece of positive news as the year comes to a close.