Recently, comments from White House economic advisor Hassett have caused quite a stir in the market. He publicly supported Trump's assessment that "inflation is at a low level" and questioned the current year-over-year calculation method, suggesting instead to evaluate based on a three-month average data.

According to this new algorithm, the situation indeed appears more optimistic: current inflation is only 1.6% (below the Federal Reserve's 2% target), and core inflation has also fallen below the target, implying that the Fed's room for rate cuts is opening up.

The question is—this advisor previously said that inflation would remain high, and the Fed should make decisions purely based on data. The two statements seem to have a clear logical tension. Switch the algorithm, and the inflation outlook looks very different. Is this reflecting a more accurate analytical method, or is it a way to "stir up" support for a certain policy direction?

For holders of cryptocurrencies like BCH, BTC, ZEC, and other digital assets, this debate has practical significance. The Fed's policy direction directly influences liquidity expectations and the market performance of risk assets. The two algorithms—year-over-year and three-month average—yield vastly different conclusions—one indicating continued high interest rates, the other hinting at possible rate cuts.

Market participants now face a real dilemma: in a context of mixed policy signals and divergent data interpretations, how should they make reasonable asset allocation decisions? Relying solely on one side's viewpoint is clearly not prudent; independent thinking and risk management awareness are more necessary than ever.