Recently, the Federal Reserve's stance has undergone a significant shift. Previously, the market widely expected a rate cut to be initiated in March, but the latest data has completely rewritten these expectations.

According to current data, there is a 90% probability that Fed Chair Powell will keep the current interest rate unchanged this month, while the previously widely discussed probability of a rate cut has shrunk to just 10%. Even if action is taken eventually, the magnitude is likely to be only a symbolic 25 basis point adjustment. This hard turn in policy stance has directly impacted the entire market's expectation framework.

What does this mean? The stock market, bond market, and mortgage market will all feel the pressure of this "hawkish" shift. For cryptocurrency investors, the trends of coins like BTC, ETH, PEPE, and others will also adjust accordingly. Investment strategies originally based on expectations of rate cuts need to be reevaluated—asset allocations, holding periods, and risk exposures may all need to be adjusted accordingly.

This policy reversal came suddenly, but the process of market re-pricing has just begun and is worth close observation.