To analyze the Federal Reserve’s monetary policy direction, several key indicators need to be monitored. First is inflation data—trends in CPI and PCE directly affect rate hike expectations. Next is the employment market situation; the unemployment rate and non-farm payroll numbers reflect economic resilience. Additionally, GDP growth rate matters—a slowdown in economic growth increases pressure for rate cuts. By combining these data points, one can anticipate the Fed’s policy stance. At present, inflation remains above target and the job market is still strong, so the Fed may continue to maintain high interest rates for some time. However, as economic growth slows, there may be signs of a shift next year. For the crypto market, the Fed’s policy is an important influencing factor, but not the only determinant. It’s also necessary to pay attention to the industry’s own development, regulatory environment, and other factors to comprehensively judge market trends.