#通胀压力 The Federal Reserve's recent rate cut is interesting, with a 25 basis point decrease, but they only plan one rate cut next year—this signals very clearly that the easing cycle is coming to an end. Powell explicitly stated that inflation is still somewhat high, and although the labor market has cooled, it still needs further observation, in other words, they will continue to wait for more data.

For us retail investors, this is a turning point. The current market is gradually shifting from expectations of easing to caution, and liquidity will tighten step by step. Funding for new projects will become more difficult, and the scale and quality of airdrops may shrink. So now is the time to act:

**Step 1**: Take advantage of this window to prioritize interaction opportunities with leading projects, focusing on quality over quantity;

**Step 2**: Adjust strategies, shifting from "casting a wide net" to "precision investing," selecting projects with sufficient funding and progress, which carry lower risk;

**Step 3**: Keep a close eye on labor market data, as it directly influences the Fed's next move and indirectly affects the crypto market's funding enthusiasm.

Inflation pressure remains, rate cut space is limited, and funds will be more cautious. Now is the time for precise operations. Seizing this market cycle is more worthwhile than blindly chasing risky projects.