The Federal Reserve announces another 25 basis points interest rate cut

Yesterday, the Federal Reserve held a monetary policy meeting, and as we expected, they announced a 25 basis points interest rate cut at the November meeting.

Currently, the U.S. election does not seem to have any impact on the Federal Reserve's monetary policy for the time being. If there are any changes, they may not be evident until December.

Personally, I feel that the impact in December will not be too significant, primarily depending on some economic data, such as inflation, unemployment rate, and whether Japan will raise interest rates.

Although Powell did not reveal the future direction of monetary policy in his subsequent speech.

He made it clear that he would not resign at Trump's request, as the law does not allow the president to dismiss or demote senior officials of the Federal Reserve. This indicates that Powell is likely to complete his term.

Currently, the market is most concerned about whether there will be another interest rate cut in December.

Based on Powell's attitude, it is basically still “focus on data, make decisions gradually, and adjust the pace of rate cuts according to economic conditions.”

Personally, I believe that as long as inflation data does not rebound significantly, there is a high possibility of continuing to cut rates in December.

Yesterday, the Bank of England also announced another 25 basis points interest rate cut, and it is expected that our village will soon also conduct significant monetary easing again.

Against the backdrop of widespread monetary easing globally, coupled with Trump's administration, if he includes Bitcoin in America's strategic reserve assets, the upside potential for Bitcoin may further open up.

In terms of operational strategy, 80% of the position can hold Bitcoin for potential gains, and 20% of the position can hold altcoins such as Litecoin (LTC), Dogecoin (DOGE), DigiByte (DGB), Ravencoin (RVN), and Verge (XVG).