Here's a take that's gaining traction: the Federal Reserve shouldn't be cutting rates right now. While markets keep pricing in dovish pivots, some analysts argue that premature easing could reignite inflation risks we've barely tamed. The debate isn't just academic—rate trajectories shape liquidity conditions across all risk assets, including digital markets. Persistent economic resilience suggests the urgency for cuts might be overstated. Worth watching how this hawkish perspective plays out against market expectations in the coming months.