The Federal Reserve just sent a major signal of about 150 basis points of rate cuts by 2026, only to have a board member immediately change their tone. A single statement, "I am confused about the uncertainty of the future," directly triggered traders' nerves.

This move is quite baffling. Just earlier, they were finalizing the magnitude of rate cuts, and now they are distancing themselves. Is the expectation of a 150 basis point cut a collective consensus among the Federal Reserve, or just the personal opinion of certain officials? No one can currently provide a definitive answer to this question.

The sensitivity of financial markets to Federal Reserve policies has never been clearer. One sentence can sway global capital flows, and a shift in stance can alter asset valuation logic. Expectations of rate cuts imply liquidity easing, which is usually positive for risk assets—including cryptocurrencies. But this wavering in policy signals has everyone caught in a state of hesitation.

Is there a disagreement within the Federal Reserve about the economic outlook, or are they intentionally releasing conflicting signals to probe market reactions? The underlying capital game logic is now shrouded in fog. All traders and investors betting on the Fed's policy direction must now reassess their positions.