#经济数据指标 At the handover of the Fed chairman, the market has instead become cautious about expectations of interest rate cuts. According to the pricing of interest rate futures, the maximum cut by the end of next year is 75 basis points, equivalent to three rate cuts. What does this mean? It means that money will not be as loose as previously speculated.

This is actually a signal for us hair-pulling people — economic expectations are tightening, project parties may be more cautious in financing, and the intensity of airdrops will not be as fierce as during a bull market. But conversely, this is also a good time to filter out good projects. Only those with real fundamental support and stable financing are willing to invest heavily in incentives, while junk projects will gradually fade away.

It is suggested to focus on quality screening at this stage, rather than blindly pursuing quantity. Pay attention to new projects with clear financing backgrounds, transparent teams, and reasonable interaction designs. In a macro tightening environment, doing your homework and controlling risks are essential to steadily achieve returns. Rather than recklessly engaging in an uncertain market, it is better to strike accurately and accomplish the most valuable interactions at the lowest cost.