I just saw a pretty important market news: in the last meeting during Jerome Powell's tenure as chairman, the Federal Reserve decided to keep interest rates unchanged. What does this decision mean? Let me break it down.

Powell's decisions at the Federal Reserve over the past few years have always been a focus of market attention, from aggressive rate hikes to now maintaining stability; the policy shift is quite clear. Choosing to keep rates steady at the end of his term also reflects the current economic complexity to some extent.

For the crypto market, the Fed's interest rate policy has always been an important indicator. When Jerome Powell leads the Fed with a cautious stance, the market usually reacts differently. This decision to hold rates steady may provide some stability expectations for the market.

Interestingly, this is Powell's last major decision as Fed chair. How his policy legacy will be evaluated, and how his successor will adjust the direction, are all worth ongoing attention. Especially for traders like us who focus on macro policies, every move by the Fed can impact asset allocation.

Recently, I’ve also been monitoring related market fluctuations on Gate; if you're interested, you can check out the recent market reactions yourself.