$BTC $ETH Interest rate cut is here! The Federal Reserve's last interest rate cut in 2025, with a monthly purchase of $40 billion in bonds starting in 2026 to supplement liquidity, is the 'Christmas market' coming?

#美联储降息 The Federal Reserve has just marked the end of the interest rate cut cycle for 2025! At 12:00 AM Beijing time on Thursday, the Fed announced another 25 basis point cut to the benchmark interest rate, bringing it to a range of 3.50%-3.75%, marking the third consecutive meeting with a rate cut, with a total reduction of 75 basis points for the year.

But bigger moves are yet to come — the Fed also announced the launch of a monthly $40 billion government bond purchase program, fully unleashing easing measures.

The market instantly boiled over, and calls for a 'Christmas market' flooded social media. Traders are generally optimistic, believing that this year's 'end-of-year red envelope rain' will directly boost the stock market.

However, beneath the celebration, there are hidden currents. Two major concerns still hang over the bull market: first, multiple key economic data releases are delayed, making the real economic picture a mystery; second, 'excessive easing' may sow the seeds for future inflation rebound.

It is worth noting that this rate cut carries a 'hawkish' tone. The dot plot suggests that there may only be room for one rate cut next year, which is clearly different from the market's expectations for easing pace. #Federal Reserve FOMC meeting Powell also continued to 'hit' the market during the press conference, emphasizing that the determination to combat inflation remains unchanged and did not make any commitments for future rate cuts.

In summary: the 'gift' of rate cuts and bond purchases has arrived, but the Federal Reserve has quietly tightened the future policy 'purse'. The market is here, but cherish the rise. #美联储降息 #ETH走势分析