#密码资产动态追踪 The survey data released yesterday by the New York Fed hits the current pain points of the US economy.

In December, public expectations of inflation not only did not subside but continued to rise from a higher base to 3.4%. More painfully, the consumer confidence index— the proportion of people who believe they can find a job after unemployment— fell to 43.1%, the lowest in the past twelve and a half years.

These two sets of data present a distorted picture: inflationary flames are still burning, but the job market is already beginning to wobble. Federal Reserve policymakers are clearly divided on this issue—some are fixated on prices, while others are panicked about the outlook for unemployment.

By the end of this month’s policy meeting, the Fed is basically caught in the middle. Cutting interest rates could allow inflation to continue to run rampant; continuing to raise rates raises concerns about employment. The market’s current consensus is to hold steady and not move either way.

This wave of data volatility has a significant impact on global markets. Every move by the Federal Reserve directly affects global liquidity, with profound implications for cryptocurrency prices and commodity pricing. In such uncertainty, how to adjust one’s holdings strategy becomes a crucial question every investor must consider.