Despite the hawkish stance of Fed officials, the market has slightly strengthened expectations for rate cuts. The slight decline in US Treasury yields has provided short-term support for Bitcoin, while the rise in prices has also been supported by ETF inflows. There will be CPI data tonight, so be wary of large market fluctuations.
Atlanta Fed President Bostic reiterated his expectation of one rate cut this year, but added that he is open to delaying or further rate cuts if the economic situation changes.
FEDWATCH shows that the Fed's expectations for a rate cut in June are 50.8%, and the interest rate may fall to 5% by the end of the year.
