According to investment advisors at major wealth management firms, we're unlikely to see the Federal Reserve cutting rates significantly in the coming year. The consensus view? The Fed simply doesn't have the bandwidth or policy levers to make aggressive moves—they're basically constrained by current inflation dynamics and labor market conditions. This matters for crypto markets because traditional finance moves shape where capital flows. When the Fed stays hawkish, capital tends to be more cautious about higher-risk assets like digital currencies. Worth keeping an eye on as we head into the new year—the monetary policy environment remains tight, and that's a headwind for risk-on trades.