From the Galaxy Gravity Conference in New Orleans, Beimnet Abebe (Galaxy Trading) joined Alex Thorn (Galaxy Research) to discuss the Federal Reserve’s latest rate cut, the end of quantitative tightening, and what these moves may signal for markets.

Despite easing policy, valuations across equities remain near dot-com era levels, liquidity is thinning, and crypto markets appear fragile following recent liquidations.

The conversation also explores the Fed’s data challenges amid a government shutdown, the outlook for U.S. consumers under higher costs, and how stablecoins and real-world assets continue to evolve.