12 月 19 日，据 4E 监测，美联储周三宣布如期降息 25 基点，但大幅上调未来政策利率预期和通胀预期，预计明年仅降息两次共 50 基点，较此前预期砍半。
在美联储点阵图+经济预期概要发布后，避险情绪急剧升温，美股三大指数齐跌。标普 500 指数收跌 2.95%，道指跌 2.58%，已连跌十日，为 1974 年来最长连跌天数，纳指收跌 3.56%。特斯拉跌超 8%，领跌科技巨头。加密概念股普跌，MSTR 收跌 9.52%，Coinbase 收跌 10.2%。
美联储带崩美股，加密市场出现大回调。BTC 跌破 10 万美元，鲍威尔一句「美联储不允许也无意持有比特币」加重市场卖压，比特币跌幅高达 6.2%，截稿前现报 99235 美元。以太坊一度插针至 3542 美元，跌幅达 7.27%，山寨币普遍出现 2 位数跌幅。过去 24 小时，加密货币全网爆仓金额达 8.42 亿美元，市场恐慌情绪加深。外汇大宗方面，美联储猛砍降息预期，美元指数涨超 1% 至两年新高；金价下滑逾 1% 至一个月低点；美国原油库存下降推动美油走高，但降息步伐放缓抑制油需前景，油价冲高回落逐步抹平涨幅。在本次会议如预期宣布降息 25 个基点至 4.25%-4.5% 后，美联储公布的利率「点阵图」显示，预计到 2025 年将仅再降息两次，这与 9 月点阵图预测相比，计划中的降息次数出现了减半，鹰派程度超出了预期，市场表现极度恐惧。美联储官员还预计 2026 年将再降息两次，2027 年再降一次。
4E 是一家支持加密货币、股票指数、大宗黄金、外汇等资产的金融交易平台，近期推出了年化收益率 5.5% 的 USDT 稳定币理财产品，为投资者提供潜在避险选择。4E 提醒您注意市场波动风险，合理配置资产。

<div><p>12 月 19 日，据 4E 监测，美联储周三宣布如期降息 25 基点，但大幅上调未来政策利率预期和通胀预期，预计明年仅降息两次共 50 基点，较此前预期砍半。</p><p>在美联储点阵图+经济预期概要发布后，避险情绪急剧升温，美股三大指数齐跌。标普 500 指数收跌 2.95%，道指跌 2.58%，已连跌十日，为 1974 年来最长连跌天数，纳指收跌 3.56%。特斯拉跌超 8%，领跌科技巨头。加密概念股普跌，MSTR 收跌 9.52%，Coinbase 收跌 10.2%。</p><p>美联储带崩美股，加密市场出现大回调。BTC 跌破 10 万美元，鲍威尔一句「美联储不允许也无意持有比特币」加重市场卖压，比特币跌幅高达 6.2%，截稿前现报 99235 美元。以太坊一度插针至 3542 美元，跌幅达 7.27%，山寨币普遍出现 2 位数跌幅。过去 24 小时，加密货币全网爆仓金额达 8.42 亿美元，市场恐慌情绪加深。外汇大宗方面，美联储猛砍降息预期，美元指数涨超 1% 至两年新高；金价下滑逾 1% 至一个月低点；美国原油库存下降推动美油走高，但降息步伐放缓抑制油需前景，油价冲高回落逐步抹平涨幅。在本次会议如预期宣布降息 25 个基点至 4.25%-4.5% 后，美联储公布的利率「点阵图」显示，预计到 2025 年将仅再降息两次，这与 9 月点阵图预测相比，计划中的降息次数出现了减半，鹰派程度超出了预期，市场表现极度恐惧。美联储官员还预计 2026 年将再降息两次，2027 年再降一次。</p><p>4E 是一家支持加密货币、股票指数、大宗黄金、外汇等资产的金融交易平台，近期推出了年化收益率 5.5% 的 USDT 稳定币理财产品，为投资者提供潜在避险选择。4E 提醒您注意市场波动风险，合理配置资产。</p></div>

4E：美联储猛砍降息预期，带崩全球市场

Here is the English translation:

On December 19, according to 4E monitoring, the Federal Reserve announced a 25-basis-point rate cut as scheduled on Wednesday, but significantly raised its expectations for future policy rates and inflation, expecting only two rate cuts of 50 basis points next year, halving the previous expectation.

After the release of the Fed's dot plot and economic outlook summary, risk aversion sentiment surged, and the three major U.S. stock indexes fell across the board. The S&P 500 index closed down 2.95%, the Dow Jones index fell 2.58%, marking a 10-day losing streak, the longest since 1974, and the Nasdaq closed down 3.56%. Tesla fell more than 8%, leading the tech giants. Crypto concept stocks generally fell, with MSTR down 9.52% and Coinbase down 10.2%.

The Fed's move triggered a collapse in U.S. stocks, and the crypto market saw a major correction. BTC broke below $10,000, and Powell's statement that the Fed "does not allow and has no intention of holding Bitcoin" added to the selling pressure, with Bitcoin plunging 6.2%. As of the time of writing, it is currently quoted at $99,235. Ethereum briefly touched $3,542, down 7.27%, and Altcoins generally saw double-digit declines. Over the past 24 hours, the total liquidation in the crypto currency network reached $842 million, and the market panic sentiment deepened. In the foreign exchange and commodity markets, the Fed's sharp cut in rate cut expectations pushed the U.S. dollar index up more than 1% to a two-year high; gold prices fell more than 1% to a one-month low; a decline in U.S. crude oil inventories drove up oil prices, but the slower pace of rate cuts dampened the outlook for oil demand, causing oil prices to rebound after an initial surge.

After the expected 25-basis-point rate cut to 4.25%-4.5% at this meeting, the Fed's interest rate "dot plot" showed that it expects only two more rate cuts by 2025, halving the number of cuts projected in the September dot plot, a more hawkish stance than expected, causing extreme fear in the market. Fed officials also expect two more rate cuts in 2026 and one in 2027.

4E is a financial trading platform that supports crypto currencies, stock indexes, bulk gold, foreign exchange and other assets. Recently, it has launched a USDT stable coin wealth management product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.

<div><p>On December 19, according to 4E monitoring, the Federal Reserve announced a 25-basis-point rate cut as scheduled on Wednesday, but significantly raised its future policy rate and inflation expectations, expecting only two rate cuts of 50 basis points next year, halving the previous expectation.</p><p>After the release of the Fed's dot plot and economic outlook summary, risk aversion sentiment surged, and the three major U.S. stock indexes fell across the board. The S&P 500 index closed down 2.95%, the Dow Jones index fell 2.58%, marking a 10-day losing streak, the longest since 1974, and the Nasdaq closed down 3.56%. Tesla fell more than 8%, leading the tech giants. Crypto concept stocks generally fell, with MSTR down 9.52% and Coinbase down 10.2%.</p><p>The Fed's move triggered a collapse in U.S. stocks, and the crypto market saw a major correction. BTC broke below $100,000, and Powell's statement that "the Fed will not hold or intend to hold Bitcoin" added to the selling pressure, with Bitcoin plunging 6.2% to $99,235 at the time of writing. Ethereum briefly touched $3,542, down 7.27%, and altcoins generally saw double-digit declines. Over the past 24 hours, the total liquidation in the crypto market reached $842 million, deepening the market panic. In the foreign exchange and commodity markets, the Fed's sharp cut in rate cut expectations pushed the U.S. dollar index up more than 1% to a two-year high; gold prices fell more than 1% to a one-month low; U.S. crude oil inventories fell, driving up oil prices, but the slower pace of rate cuts dampened the outlook for oil demand, causing oil prices to rebound and erase their gains. After the expected 25-basis-point rate cut to 4.25%-4.50% at this meeting, the Fed's "dot plot" showed that it expects only two more rate cuts by 2025, halving the number of cuts projected in the September dot plot, a more hawkish stance than expected, causing extreme fear in the market. Fed officials also expect two more rate cuts in 2026 and one in 2027.</p><p>4E is a financial trading platform that supports cryptocurrencies, stock indexes, bulk gold, foreign exchange and other assets, and has recently launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.</p></div>

4E: The Fed slashed its rate cut expectations, causing global markets to collapse

The US Federal Reserve (Fed) is expected to announce its interest rate decision at 3 am on the 19th. The market generally expects the Fed to cut rates by another 25 basis points in December. According to the CME FedWatch tool, the market expects a 95.4% probability of a 25 basis point rate cut in December, with only a 2% probability of leaving rates unchanged.
This marks the third consecutive rate cut by the Federal Reserve since September, with the cumulative rate cut reaching 1 percentage point, bringing the target range to 4.25-4.50%.
[CME-FedWatch-...]

Bitcoin falls below 104,000. The probability of the Fed cutting interest rates tonight is over 95%, but will it be suspended next year?

Deng Tong, Jinse Finance
At 3 am, the Federal Reserve announced its interest rate decision and economic outlook summary, followed by a monetary policy press conference by Federal Reserve Chairman Powell at 3:30 am. Although the altcoin market has rebounded after the previous three FOMC meetings, the market has continued to decline even after the Federal Reserve officially announced a 25-basis-point rate cut this time.
What has led to the decline in this round of the cryptocurrency market? What is the future trend of the Federal Reserve's policy? How do industry insiders view the current market situation?
I. Risk-averse mode after the high point
According to Coingecko data, the BTC price reached a high of 12...

What are the reasons for this round of crypto market crash? What do industry insiders say?

Odaily Odaily reports that US interest rate futures are pricing in the Federal Reserve cutting rates by about 49 basis points in 2025, close to the 50 basis points projected in the Fed's dot plot, with the market pricing in a 75 basis point cut ahead of the rate decision announcement. (<金十>)