The Federal Reserve is expected to cut interest rates by 25 basis points at 2:00 PM today (Eastern Time), and this was actually anticipated well in advance.

What really matters is the FOMC press conference after the rate cut—will Powell hint at some quantitative easing? After all, the market generally believes that just cutting rates alone won't support a substantial rally; there needs to be concrete easing policies to truly attract capital inflows.

In other words, investors aren't concerned about whether the rate is cut or not (that's already certain), but whether Powell's speech contains a "signal." If the policy guidance is clearly leaning towards easing, the crypto market might react positively; if it remains the same ambiguous official language, the market might just have some fun.

Let's see what Powell says in the next few hours.