US senators sent a letter to the Fed demanding a reduction in interest rates. The document was signed, in particular, by Elizabeth Warren, Jacky Rosen and John Hickenlooper.

For once, the demands of “anti-crypto” Senator Warren may be positive for the crypto market 😁

In #CMEGroup, the current forecast for the Fed's decision on the interest rate tomorrow, June 12, looks like this:

- 99.4% - there will be either a pause or a decrease by 0.25 percentage points. On May 15 it was 91.5%.

- 0.6% - there will be a decrease by either 0.25 percentage points or 0.5 percentage points. On May 15 it was 8.5%.

- There are no forecasts for a decrease by either 0.5 percentage points or 0.75 percentage points.

Complete consensus in expectations. This means that the expectation is fully built into current prices in risky asset markets. If tomorrow the US Federal Reserve decides to reduce the interest rate by 0.5 percentage points (which is unlikely) or to increase the interest rate (which is even more unlikely), we can expect strong movements already at the time the decision is announced. But in general, the main movements are again expected at the speech of US Federal Reserve Chairman Powell.