#美国终止政府关闭 The latest statements from the Federal Reserve Chairman have caused market turbulence—government shutdown may disrupt the December monetary policy decision.

Jerome Powell recently sent a key signal: if a government shutdown leads to missing economic data, the interest rate decision in December will be more cautious, and the possibility of pausing adjustments cannot be ruled out. In simple terms, without solid data support, the Federal Reserve will not make hasty moves.

Market sentiment has begun to shift. The CME FedWatch Tool shows that the expectation for a rate cut in December plummeted from 66.9% to 55.9% in just one day, and this sharp fluctuation directly reflects the wavering confidence of investors.

For the cryptocurrency market, this wave of uncertainty is significant. Institutional funds often choose to wait and see in the face of uncertainty, and tightening liquidity can amplify volatility. Those traders betting on the benefits of loose monetary policy now need to reassess their strategies—short-term plays may evolve into a protracted tug-of-war.

In the current environment, blindly chasing after price increases or selling off poses a high risk. Keeping an eye on the Federal Reserve's subsequent moves and understanding the underlying logic of policy games is essential to standing firm during this round of market fluctuations. The data vacuum period often hides traps; understanding the rules is more important than following the crowd.