According to Crypto界 news, ahead of the Federal Open Market Committee (FOMC) meeting that Kevin Warsh will first chair, Wall Street has largely given up expectations that the U.S. Federal Reserve will cut interest rates this year. Based on a Reuters survey conducted from June 4 to June 9, 72 of 102 economists expect the benchmark federal funds rate to be maintained between 3.50% and 3.75% through the end of 2026. The survey shows that the strongest consensus among policymakers is that they are unlikely to lower borrowing costs in the coming months. As economic data comes in stronger than expected and concerns about persistent inflation remain, market expectations of rate hikes are also rising. The new inflation data expected to be released on June 10 is expected to become the focus for investors. According to Trading Economics, the May consumer price index (CPI) is expected to rise 0.5% month over month.