According to @KobeissiLetter, the Federal Reserve will cut interest rates in 13 days citing a weaker labor market while Core CPI has risen back above 3%, 110 bps over the 2% target, source: @KobeissiLetter. The Fed targets 2% inflation as measured by PCE, not CPI, a distinction that matters for interpreting policy credibility and market reaction, source: Board of Governors of the Federal Reserve System. Rate cuts typically ease financial conditions and influence risk assets, a dynamic that can heighten volatility in crypto such as BTC and ETH around policy decisions, source: Board of Governors of the Federal Reserve System. Traders should watch the policy statement, dot plot, and subsequent labor and inflation releases to gauge real-rate and liquidity paths that drive crypto flows, source: Board of Governors of the Federal Reserve System.