According to the latest data from the federal funds rate futures chart, market expectations for future interest rate cuts by the Federal Reserve have changed significantly. The current probability of a 50 basis point interest rate cut is 45%, and the probability of a 25 basis point interest rate cut is 55%.

Expectations for a significant rate cut have risen sharply compared with a day ago, jumping from 14% to 45%. The change reflects likely heightened concerns about the economic outlook. However, looking at data from a month ago, market expectations for a rate cut have actually declined. A month ago, the probability of a 50 basis point rate cut was as high as 53%, but now it has dropped to 45%.

Such fluctuations indicate that market sentiment remains unstable and there are divergent judgments on the direction of the economy and policy. Investors need to pay close attention to future economic data and speeches by Federal Reserve officials to better grasp the trend of interest rates. Markets currently appear to be swinging between mild and more aggressive rate cuts, reflecting varying expectations of a soft landing and a possible recession.

For the $eth ecosystem, especially DeFi projects, changes in the interest rate environment may affect its lending rates and overall attractiveness, which in turn affects the demand for $btc, $eth, and $defiusdt.

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