The Federal Reserve is almost dovish.
The language in the FOMC minutes of the November meeting is the least hawkish we've seen in two years.
They are taking their time with rate cuts. But they are also making it clear they are committed to the path of rate cuts they outlined… https://x.com/i/web/status/1861793907937620253 

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The Federal Open Market Committee (FOMC) of the Federal Reserve decided to cut interest rates by one percentage point at its November meeting, lowering the benchmark interest rate to the range of 4.50%-4.75%. Last night (26th), the Federal Reserve officially released the minutes of the November FOMC meeting. Federal Reserve officials stated that they believe inflation is easing, and the risks of a significant slowdown in the economy and the job market have decreased, therefore supporting further interest rate cuts in the future.

However, they also emphasized that they will adopt a cautious approach, and will "gradually" cut interest rates based on data performance. If inflation data fails to meet expectations, the pace of interest rate cuts may slow down or even be paused.

"In discussing monetary..."

Interpretation of the FOMC November meeting minutes: If the pace of interest rate cuts slows down, the Bitcoin bull market may be delayed

Odaily Planet Daily Report: According to financial website Forexlive, analyst Adam Button said that the minutes of the Federal Reserve meeting conveyed a consistent message about gradually adjusting policy, with only "some" officials discussing a pause. According to CME Watch data, traders expect a 59.6% chance that the Federal Reserve will cut interest rates by 25 basis points at its next meeting, up from 52.3% on Monday, but little changed from 58.9% a week earlier.

Traders see about a 60% chance of a Fed rate cut in December

178 projects, raised $2 billion, 54 tokens already launched, with a total fully diluted valuation (FDV) of over $63 billion.

Author: Dima Khanarin
Compiled by: TechFlow
The intersection of Crypto and <AI> is rapidly evolving. After Devcon, I compiled a map covering all known projects to help better understand the state of this space.
The map categorizes projects into the following three types:
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<Apps>
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<Middleware>
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A quick overview of 178 crypto AI projects in one picture

For Bitcoin and risk assets, this doesn't make a big difference. Markets have already priced in the upcoming rate cuts.
This signal is mainly aimed at the bond market.
Follow @ecoinometrics for more charts and insights on crypto and macro.