At the annual meeting of central banks worldwide, Fed Chairman Powell delivered a striking speech announcing a significant policy adjustment. He stated that the Fed will abandon the flexible average inflation target framework established in 2020. This decision means that inflation is no longer the primary factor hindering the U.S. from cutting interest rates.

Previously, the Fed had maintained that an average inflation target needed to be achieved before considering rate cuts. However, Powell has deviated from this norm by abolishing this target, which may signal a significant shift in U.S. monetary policy.

This policy adjustment may have far-reaching effects on the financial markets, particularly the cryptocurrency market. Market analysts believe that this could pave the way for a long-term upward trend in cryptocurrencies. Although there may be short-term corrections triggered by global emergencies during this upward trend, the overall trajectory may remain upward.

It is worth noting that the current market environment may provide investors with a rare opportunity window. However, market participants should also be aware that changes in the political environment could affect future market trends. Therefore, investors should carefully consider various factors when making decisions and closely monitor policy changes and market movements.