Dear ETH investors, the Federal Open Market Committee (FOMC) Meeting at 2 AM on June 17 may become an important turning point for the market! Currently, the entire market is predicting possible interest rate cuts, with CME interest rate futures showing that the probability of a rate cut in June has risen to 80%, indicating that the market is generally optimistic about the prospects for a rate cut.



The current political and economic situation in the United States is attracting attention: Former President Trump has recently expressed dissatisfaction with the current interest rate policy frequently on social media. In his latest remarks, he referred to the Chairman of the Federal Reserve as "Mr. Too Late" and suggested a significant cut in interest rates, even hinting that he might replace the Chairman of the Federal Reserve if he is elected.

Behind these intense statements is the weak performance of U.S. economic data: in May, non-farm employment increased by only 75,000, far below the expected 152,000. This data shows that the job market may be cooling down, becoming an important basis for supporting the argument for interest rate cuts.

How the upcoming Federal Reserve (FED) decision will affect the cryptocurrency market and the overall economic environment is worth our close attention.
ETH-1.59%
TRUMP-3.54%
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