📢Blockchain Industry News Flash! Fed Governor Waller recently said that he needs to see "several months of good inflation data" before considering a rate cut, which may be bad news for those who are looking forward to a rate cut in July. 😔

However, analysts have not changed their basic view that the first rate cut will be in July, with a total of two rate cuts in 2024. They believe that Waller's views may not represent the entire FOMC, and that labor market data has slowed in recent months and may weaken further in the coming months, coupled with a modest improvement in inflation data, should convince the FOMC to start policy normalization earlier than Waller's timetable. 🤔

This may be good news for Bitcoin. Because historical data shows that every time the Fed cuts interest rates, Bitcoin prices will rise. So, let's look forward to the rate cut in July together! 🚀🚀