Federal Reserve Board member Bowman recently made a notable statement, expressing her support for consecutive interest rate cuts in September, October, and December of this year. This remark has been interpreted by the market as a signal that there may be a significant shift in Federal Reserve policy.

Bowman pointed out that the current weakness in the labor market far exceeds the risks of inflation. She revealed that the July non-farm payroll data may have been significantly overestimated, with actual new jobs only at 73,000, and the unemployment rate approaching a dangerous level of 4.3%. It is worth noting that Bowman is not an ordinary official; she is one of the two officials who voted against maintaining interest rates at the July FOMC meeting.

The market reacted quickly to this, with financial institutions such as Goldman Sachs and UBS adjusting their expectations. Currently, the probability of a rate cut in September has soared from 41% at the end of July to 92.2%. The market generally believes that the Federal Reserve's terminal rate target may drop to the range of 3.00%-3.25%.

Historical experience shows that the Federal Reserve's interest rate cutting cycle often coincides with the rising cycle of the cryptocurrency market. For example, when the Federal Reserve began to cut interest rates in 2019, the price of Bitcoin rose from $4,000 to $14,000, an increase of up to 250%. Since the beginning of this year, as the market's expectations for easing policies in 2024 have intensified, the price of Bitcoin has also seen significant increases.

However, it is important to note that financial markets are complex and ever-changing, and past patterns do not guarantee future repetition. Investors should consider multiple factors comprehensively and evaluate risks prudently when making decisions.