#数字资产市场动态 Don't just focus on rate cuts! JPMorgan Chase just told it like it is

Recently, the market has been eagerly waiting for the Fed to cut rates, but JPMorgan Chase poured cold water on that idea: inflation hasn't cooled down yet, wage costs are still burning money, and a rate hike could come suddenly. Look at these numbers—U.S. debt has already surpassed $36 trillion, and annual interest payments are almost as much as national defense spending.

The problem isn't that simple:
• Dollar trap: If rates are really cut, nobody wants dollar assets, and money will flow out
• What is the bond market betting on? Yields are firmly held at 4.4%, institutions are betting that reality will win over politics
• Trump wants low interest rates + high tariffs, but that's impossible to achieve at the same time; fighting against the rules only invites trouble

History shows us—the most dangerous moment in the market is when everyone is extremely optimistic. Risks are quietly accumulating on the right side now. When the "rate cut expectation" collapses, can your positions withstand it?

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