#美联储货币政策预期 Recently, Federal Reserve officials have been frequently signaling potential rate cuts, which warrants close attention. San Francisco Fed President Daly supports a rate cut in December, believing that the risk of a sudden deterioration in the job market outweighs the risk of a sharp rise in inflation. Fed Governor Waller has also called for significant rate cuts, expressing concerns that current monetary policy may be too tight. These statements reflect growing concerns among policymakers about the economic outlook. However, it should be noted that some officials' views may be influenced by political factors. From on-chain data, there has not yet been a large-scale movement of funds into safe-haven assets. It is recommended to continue monitoring key economic data such as employment and inflation, as well as FOMC meeting minutes, to assess the actual likelihood of a policy shift.