#美联储政策影响 The Fed is highly likely to cut interest rates by 25 basis points on Wednesday, but this may be the last time in 2025. Powell's wording is more important—he will emphasize that the threshold for further rate cuts next year is very high, which means the rate cut cycle is nearing its end.

For us毛党, this is an important signal. Once the expectation of interest rate cuts becomes clear, market volatility will change accordingly, and the popularity of new projects will also adjust. We should start paying attention to which projects can maintain their popularity after the expectation of interest rate cuts cools down, as these are the ones truly worth interacting with.

There may still be some opportunities in the short term, but planning ahead is essential. It is recommended to focus on projects that do not rely heavily on liquidity right now, rather than chasing those that are entirely dependent on capital accumulation. When the market sentiment truly shifts, those who have positioned themselves in advance will save a lot of effort.