Expectations of Fed rate cuts: market hope or bubble?
1. Biden will attend the inauguration of the President of El Salvador, which should be a positive and hopeful event, showing the interaction and importance in international relations.
2. However, the Biden campaign team changed its position and began to contact key figures in the crypto industry. This behavior seems to have more complex meanings, even with some embarrassment, which makes people speculate about the purpose behind it.
3. Fed Bostic said that the fourth quarter may be the time for the Fed to cut interest rates, which brought a glimmer of hope to the economic outlook, but also triggered concerns about the uncertainty of subsequent changes, which seems to be mixed with embarrassment.
4. CME "Fed Watch" shows that the probability of keeping interest rates unchanged in June is 98.9%. The high probability of stability seems to bring hope, but on the other hand, it seems to be a potential embarrassing restriction on the stimulation of market vitality.
5. Bloomberg ETF analysts said that the chances of spot Ethereum ETF approval will be around July 4, which brings hope to the digital currency field, but the unknown result brings embarrassing suspense. Coupled with V God's view that L2 is the continuation of Ethereum culture, people also see the embarrassing interweaving of hope and facing doubts and challenges.
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