The U.S. unemployment rate reached 4.1% 🧐
It's a new ATH(All Time High) since Jan 2022. Why is the Fed hesitating to cut the first federal funds rate? I don't understand. If economic issues arise in the future, the Fed's monetary policy could be seen as delayed.
If the U.S. CPI(Consumer Price Index) is less than expected, the first interest rate cut will be earlier than expected.
72.0% market participants anticipate the first rate cut will be this Sep. Nevertheless, I hope it will start this month. What if the U.S. CPI is less than 3.0%? 🤔
The BTC(Bitcoin) and crypto market have been slumping since this Mar. It's been around 5 months. I believe this sentiment will be dramatically changing after success of the S-1 registration for spot ETH(Ethereum) ETFs.
I won't give up. I don't think this market cycle is done. Let's see who's gonna win in the end of this cycle 👊
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