! ! Important notice! !
The upcoming FOMC meeting of the Federal Reserve, the market generally expects that there is little possibility of a rate cut at this meeting. The focus of this meeting will be the dot plot released by Federal Reserve officials, which shows their expectations for future interest rates. The dot plot is released four times a year, in March, June, September and December, of which the dot plots in June and December are particularly critical because they mark the middle of the year and the end of the year respectively.
The dot plot in December is particularly important because it not only reflects expectations for the current fiscal year, but also covers forecasts for interest rate trends in the next few years. The dot plot in June focuses more on the forecast of interest rate trends at the end of this fiscal year, which is particularly eye-catching in the current context of the market generally expecting a rate cut.
In addition, there is another stimulus for the FOMC meeting in June: on the eve of the meeting, CPI data will be released on the evening of June 12, Beijing time, followed by the Federal Reserve’s interest rate resolution and dot plot on the night of June 13. The release of these data and decisions will undoubtedly have a significant impact on the market.
In such an environment, the price of Bitcoin broke through the $70,000 mark. Some market participants may feel that this is a signal of temptation, suggesting that there may be some uncertainty in the market.
Finally, I suggest that everyone pay attention to $XAI .
$XAI is an Ethereum layer 3 expansion network based on Arbitrum, focusing on the gaming field, aiming to bring unprecedented user experience to Web3 games.
With Xai, billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time without using crypto wallets.
On June 11, 2024, Xai launched Vanguard: Genesis on GALXE, an event that includes months of game releases and tasks covering the Xai game ecosystem. The announced games include Crypto Unicorns, Final Form, The Lost Glitches, and some games that have not yet been announced.
