Major financial institutions are pricing in a more dovish Fed scenario heading into 2026. The expectation is for the central bank to cut rates by 25 basis points in September 2026, alongside anticipated cuts of 25 bps each during January and March. This cascade of rate reductions would mark a significant shift in monetary policy stance, potentially supporting risk assets and providing tailwinds for crypto markets. The timeline suggests markets are betting on persistent economic softness and inflation remaining within target ranges, setting up an environment where alternative assets could benefit from lower discount rates.