$SOMI
Big reversal! The former dove suddenly turns against, the Federal Reserve's interest rate cut faces strong opposition! Is the crypto world going to panic?一起聊聊！
Just after the Federal Reserve cut interest rates by 25 basis points, a shocking reversal occurred — the former reliable dove, Goolsbee, actually cast a dissenting vote! This move directly left crypto players confused; could the easing trend be abruptly halted?
Chicago Fed President Goolsbee publicly stated why he opposed this week's rate cut, the core reason being: wait for data! He openly suggested delaying discussions on rate cuts until next year, claiming that the risks were minimal, and it would allow them to obtain the latest economic data that was previously missing.
It’s important to note that Goolsbee has always been a key figure in the dove camp, and this sudden reversal is not simple! It turns out the U.S. government has been in a shutdown for a month and a half this autumn, causing many data releases to be delayed; even the highly valued non-farm payroll data for November from the Federal Reserve will only be released next week. Moreover, the recent momentum of falling inflation has already stalled, and the businesses and consumers he interacts with are almost all complaining about excessively high prices, which makes him hesitant to ease up.
In this rate meeting, two other officials also cast dissenting votes: Schmidt wants to keep rates unchanged, while Milan believes a 50 basis point cut is necessary! The three factions' opinions are clashing, directly showcasing the internal divisions of the Federal Reserve.
For the crypto world, this is a huge issue! A rate cut from the Federal Reserve is originally a signal of liquidity easing, and funds are likely to flow into the cryptocurrency market, but now with the dovish reversal, whether the rate cut can land as scheduled next year has become an unknown. After all, the crypto world is extremely sensitive to Federal Reserve policies; once the easing expectations cool down, market fluctuations are likely unavoidable!
However, Goolsbee hasn’t ruled out the possibility; he remains optimistic, stating that interest rates might significantly decrease next year, and the number of cuts in 2026 could even exceed what the dot plot predicts. Is this signal of tightening followed by easing a smokescreen or a real warning?
Will Goolsbee's reversal lead to a correction in the crypto world, or a brief fluctuation before continuing to rise? Do you think the Federal Reserve can cut rates as scheduled next year? Musk concept little milk dog 🐶【p.u.p.pi.e.s】 might be worth following