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April interest rate decision: Market pricing indicates a 100% chance of holding rates steady, with no suspense, an expected "drop of the shoe" outcome.
Subsequent rate cut expectations:
The probability of a total 25 basis point rate cut by June is only 2.6%, with a 97.4% chance of keeping rates unchanged.
This shows that the market has fully priced in the "delayed rate cut," and expectations for rate cuts have significantly cooled down.
#btc #eth