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The Federal Reserve decision-makers have just sent out two major signals, causing immediate turbulence in the global financial markets. Waller explicitly stated in his latest remarks: the current interest rate level has exceeded the neutral rate by 50-100 basis points, implying that the tightening cycle is nearing its end.

More importantly, he significantly lowered the threshold for starting rate cuts. As long as inflation does not re-accelerate, the process of easing can officially begin. This means the market's previous endless debate over "whether to cut or not" can come to an end, and the focus now shifts to "how much to cut and at what pace."

At the same time, Waller emphasized that U.S. employment data growth is nearly stagnant, and structural factors like AI still introduce uncertainties, but the probability of a secondary acceleration in inflation has been greatly reduced. His conclusion is clear: the employment market is strong enough to support continued liquidity release, and the Fed will adopt a gradual and cautious approach rather than an aggressive shift.

This combination of signals has an immediate effect. The US dollar index fell sharply, precious metal prices rose, and the virtual asset market experienced a noticeable rally. Essentially, this is a rapid re-pricing of market expectations for liquidity—investors are front-running assets that are more sensitive to a loose monetary environment.

It is worth noting that although the overall direction is set, the path of rate cuts will not be smooth. The market will experience repeated fluctuations during this process, and may test downward support multiple times. For traders, the key is to follow the market rhythm and avoid common mistakes like chasing highs or panicking during high volatility.

The liquidity turning point signal has already lit up—are you ready to adjust your strategy?