The Fed's rate cut expectations are shifting again.

According to Reuters on January 13, traders are re-evaluating the Federal Reserve's rate cut timetable. The latest data from the U.S. Bureau of Labor Statistics shows that the core consumer price index rose less than expected, giving the market new room for imagination—perhaps the Fed won't need to wait until Powell's term ends (May) to start cutting rates.

Data speaks: the probability of a rate cut in April has risen from 38% to 42%. Although the increase isn't large, this shift in expectations is enough to shake the market. The mainstream view among traders still favors a June rate cut as the most likely, but the possibility of a rate cut in April is gradually gaining momentum.

For those holding Bitcoin and other crypto assets, this is undoubtedly a signal worth paying attention to. Rate cut cycles often release liquidity, and historical data shows that such macroeconomic shifts typically boost the performance of risk assets. The question now is: will the Fed act earlier than expected?