I see many friends asking about the Federal Reserve's interest rate meeting tomorrow morning. From my personal perspective, what can be certain is that a rate cut of 25 basis points is almost 100% guaranteed. Although the Federal Reserve's monetary policy may be influenced by the U.S. elections, it still needs to be based on data. Currently, the data—whether from inflation, unemployment rates, or economic stability—supports continued rate cuts.

As for many friends expressing concerns about potential interference in rate cuts due to fears of rising inflation if Trump takes office, the reality is that Biden's administration is still in power. It won't be until January 20 that Trump officially takes over, so theoretically, there won't be significant changes in the next two months.

Therefore, even if Trump's victory has some impact, it would mostly affect December's monetary policy, and would hardly affect November. Of course, this transition of power may not be easy for Powell, considering Trump criticized the Federal Reserve and Powell throughout his previous term.

Powell's speech in the early morning is worth paying attention to; I expect reporters will ask questions.

I almost forgot to mention, a 25 basis point cut is good news for BTC. The dot plot will be released in December, and the impact in November is not very significant, but the market's risk appetite will increase.