Just caught Powell's latest statement on monetary policy trajectory. The Fed's now projecting just a single rate cut throughout 2026—pretty conservative stance if you ask me.

What's more interesting? Powell explicitly ruled out any rate hikes on the horizon. That's a clear signal they're done tightening, even if easing is gonna be glacially slow.

For those tracking macro headwinds in crypto, this means prolonged higher-for-longer rates. Not exactly the liquidity party some were hoping for, but at least the tightening cycle seems behind us. Risk assets might stay range-bound longer than bulls expected.

Anyone else think one cut in an entire year feels almost... ceremonial at this point?