Just received news that the Fed will hold an emergency meeting at midnight on the 18th, and it will be held for two consecutive days. This rhythm is obviously not quite right.

According to reports, the core point of contention in this meeting revolves around the extent of interest rate cuts—internal debates are heated over whether to cut by 25 basis points or directly by 50 basis points. More crucially, the current liquidity injection scale may no longer be sufficient, and there are market rumors that they are discussing whether to continue easing. Holding two meetings in two days and using a fast track indicates that the short-term pressure has indeed reached a point where a solution must be proposed immediately.

Current economic data continues to be weak, employment is cooling but inflation remains stubborn, with a fierce battle between hawks and doves within the Fed. In this situation, any policy news could trigger significant market fluctuations.

In the short term, mainstream cryptocurrencies like ETH, ASTER, and ZEC will definitely be affected in the crypto market. In the medium to long term, it will depend on how the interest rate cut schedule is set, how much liquidity is injected, and whether there can be a consensus within the Fed. The results tonight will basically determine the direction of Bitcoin and the US stock market in the coming days.

It is advised that everyone stay calm and wait for solid news before making judgments, and not be led by emotions. This could very likely be an important turning point in 2025.