Thursday at Dawn, the Whole World Is Waiting for the Fed's "One Word"

The Fed meets on 3.19, and the result is basically already written on their faces—99.4% no rate cut, so the news will likely produce no volatility.

The Fed's rate cut roadmap in their minds. The market thinks there will be just 1-2 cuts this year, with the first coming after September. If the dot plot gets more aggressive and shows just 1 cut or even hints at a hike, assets will shake three times over.

Powell's mouth: three words can turn the market upside down. As long as he says "higher for longer," stop hoping for rate cuts and just endure it.

The market is already prepared for a "hawkish" stance—just waiting to see if this hawk is more fierce than imagined, or just average. Bad news landing isn't scary; bad news beating expectations is what kills you. #加密市场上涨 $BTC $ETH