#美联储利率政策# Analyzing the Fed's interest rate expectations, it is found that traders generally believe there will be at least one rate cut in 2025. This reflects the market's cautious attitude towards economic prospects, possibly anticipating a slowdown in economic growth. However, attention must also be paid to the actual economic data and inflation trends in the next two years, as they will directly influence the Fed's policy decisions. It is recommended to continuously follow on-chain fund flows and Large Investors' operations to observe if there are signs of early positioning. At the same time, be wary of the risks brought by overly optimistic sentiment and maintain rational analysis.