Everyone knows that the Fed will not cut interest rates at this week's FOMC meeting, but it is clear from Nick's remarks that the Fed's policymakers are actually mentally prepared for a rate cut. Especially after Trump inspected the Fed and publicly pressured Powell, the situation seems to have changed. Nick almost explicitly stated that the policymakers are waiting for 'evidence,' and this 'evidence' is the various economic data to be released this week. Since everyone is already prepared for a rate cut, the data is naturally paving the way for the rate cut and has been planned in advance.
The real focus to watch this week will be Powell's speech and the subsequent meeting. After all, Powell is not only facing ongoing pressure from the external Trump group, but internally, people like Waller and Bowman are also eyeing the position, ready to take over the role of Fed Chair. During Trump's presidency, whoever takes over as chair will raise questions about the Fed's independence in the market. However, upon careful consideration, is the Fed's so-called independence really as the outside world claims? Is it truly standing from the perspective of financial freedom representing the people, or is it based on the interests of domestic industrial capital? Ultimately, more may be a game of power and interests.
For us, the most important thing is not the internal power struggles of the Fed, but how liquidity flows behind the easing and ultimately affects the targets we choose, thus flowing into our wallets. $BTC