#美联储恢复降息进程 The latest report from the global research team at Bank of America has been released—they expect the Fed to begin cutting interest rates in December 2025, with a reduction of 25 basis points. This move signifies a shift in monetary policy. For risk assets like $BTC , the expectation of rate cuts is often a good signal, as liquidity easing may bring new imaginative space. However, there is still some time before it really materializes, and how the market interprets this will depend on subsequent data.