#美联储重启降息步伐 The Fed's show is getting more and more interesting—rate cut? Yes. But don’t get too happy too soon; Powell is very likely to put on a cold face.

This is what the market often calls a "hawkish rate cut." Sounds contradictory? The logic is actually simple: the Fed is now split into two camps—one is calling for continued easing, while the other wants to hit the brakes. Powell is caught in the middle, and the easiest way out is—cut rates for you this month, then immediately say, "Don’t expect another next time," so as not to offend either side.

Cutting rates is essentially a signal of liquidity easing. For assets like Bitcoin, it’s definitely a long-term positive—more money has to find an outlet. The problem is, the “hawkish” rhetoric will pour cold water on the market, so don’t expect a straight rally in the short term; volatility is the norm. The tap has indeed been turned on, but the flow isn’t as fast as you might think.

What should ordinary investors do? Remember these three points:

First, don’t make rash moves. Price swings before and after the news are normal. If you chase highs and panic sell, you’re likely to get hurt. Sit tight and just watch the show.

Second, focus on the core logic. Rates are coming down—that’s a fact. Money will gradually flow into asset markets, so hold on to your positions and ignore the noise in between.

Third, keep some cash on hand. If “hawkish” remarks cause a dip in the market, that’s actually a chance to build your position in batches. Why panic? If bargains are delivered to your door, why not take them?

At the end of the day, policymakers are putting on their show; we just need to guard our positions. In the long run, liquidity will gradually flow in. In the short term, stay steady and don’t capsize. Be patient—the winds will come sooner or later.