The Federal Reserve is taking action in collaboration with major central banks around the world, and will Powell's speech become the key to triggering new hotspots?

At the meeting scheduled for December 17-18, the probability of the Federal Reserve implementing a 25 basis point rate cut has risen to 97%. However, it is noteworthy that the strong performance of economic data in November has laid the groundwork for the Federal Reserve to potentially pause the rate cut process in early 2025. Against this backdrop, Powell's speech following the meeting, as well as the Federal Reserve's latest economic forecasts, will undoubtedly carry crucial guiding significance.

Although the Federal Reserve's rate cut in December has almost become a certainty, and it is expected to continue cutting rates by 25 basis points in January and March of 2025, with further cuts likely during the meetings in June and September, the current situation still contains many uncertainties. Given that an increasing number of officials within the Federal Reserve are beginning to express the intention of the FOMC (Federal Open Market Committee), the risk of the Federal Reserve pausing rate cuts at the upcoming January meeting is quietly rising. #BTC☀ #ETH🔥🔥🔥🔥