The latest Federal Reserve decision has just been announced. On December 10th, the Federal Open Market Committee announced a further 25 basis point cut, bringing the federal funds rate target range to 3.5%-3.75%. This is not just a numerical change; more importantly, it marks the sixth cut in this cycle.

The market was already prepared for this decision. After all, since September this year, the Fed has entered a continuous easing mode, cutting rates three times in three months, each time by 25 basis points. If you look back to the significant 50 basis point adjustment on September 18th, you can see the Fed's policy approach gradually shifting.
This round of rate cuts has an interesting timeline: a sharp start (50 basis points), followed by steady progress. From the first large cut in September, to November, December, January this year, October, and now December again, each time by 25 basis points, it feels like a cautious step-by-step approach.
What does the official say? In the post-meeting statement, the Fed admitted that while the US economy is still growing, the pace has become moderate. Job growth has started to slow, the unemployment rate has recently risen, and inflation remains high. Uncertainty about the economic outlook is increasing, and risks in the labor market are also growing. These data changes have fueled market expectations for rate cuts.
What’s next? Whether rates will continue to be cut depends mainly on employment and inflation indicators. Meanwhile, the Fed plans to inject $40 billion per month into the market to supplement liquidity next year. For investors seeking safe havens in risk assets, this could be a signal—liquidity is increasing, which often boosts a rebound in risk assets, including cryptocurrencies.