#美联储联邦公开市场委员会决议 The Federal Reserve has just issued a major signal, and this FOMC meeting could mark a significant turning point in the liquidity environment.

Honestly, the importance of this meeting goes without saying. The Fed has not only cut interest rates for the third consecutive time—this time by 25 basis points—but also announced a $40 billion Treasury bond purchase plan. With this combination, the market's response is: a new round of easing cycle is really coming.

Let's break down the core points one by one:

**Official Launch of Treasury Purchase Plan**
Starting from December 12, for 30 days, the Fed will inject $40 billion to buy Treasury securities. Powell also emphasized that this purchase scale will remain high in the coming months. What does this mean? It indicates that liquidity is continuously being released into the market.

**Job Market Isn't That Optimistic**
Powell admitted that the current labor market is actually quite soft. The previously reported employment growth data was exaggerated, with a revision of 60,000 jobs. This admission itself shows that the Fed is re-evaluating the economic situation.

**Economy Expected to Rebound Next Year**
The Fed forecasts that the US economy will expand next year, implicitly suggesting that the Manufacturing Purchasing Managers' Index (ISM) is expected to return above the 50 growth-contraction line. In other words, economic activity may awaken from dormancy.

**Interest Rate Cuts Are Not Following Traditional Patterns**
In the past, the Fed would lay out a clear interest rate cut roadmap ahead of time—now it’s different. Decisions are made at each meeting based on current data. Powell emphasized flexibility, which presents opportunities as well as uncertainties for the market.

**Rate Hikes Are Off the Table**
Despite inflation still being somewhat high, Powell did not mention the word "rate hikes" at all and directly stated that "rate hikes are not the current policy option". This signals to the market: our direction is clear—toward easing.

**Policy Tone Is Set: Moderate Rate Cuts**
According to the Fed’s economic projections, the main theme of future monetary policy is "moderate rate cuts". The tightening cycle is temporarily over.

**What Does This Mean for the Crypto Market?**

In essence, this is a typical liquidity easing signal. The Fed is releasing money, and the asset pricing logic worldwide will be reshaped. Risk assets like $BTC and $ETH tend to perform well in such environments—investors seek higher returns, and cryptocurrencies meet this demand.

Of course, this also means market volatility might increase. Easing policies lower the appeal of holding cash, prompting funds to look for new safe havens. Some see this as an opportunity, others remain cautious—the key lies in understanding the deeper logic behind this policy shift.

Overall, this FOMC meeting is not just a policy turn but also a reset of market psychology. The liquidity wave has begun; how to surf it depends on each one's strategy.

$BTC $ETH