Currently, everyone is speculating on when the Federal Reserve will begin the rate-cutting process. At present, there are two possibilities: if by 2025, the U.S. economy shows a significant downturn, the Federal Reserve may cut rates more than twice within a year to stimulate the economy. However, if the U.S. economy performs well, the Federal Reserve may only cut rates 1 to 2 times in a year, or even less.

Among them, the Federal Reserve's meeting on June 18 is a key point. At that time, Powell will announce the dot plot, which can hint at the number of rate cuts for the entire year to a certain extent. According to the data provided by the CME FedWatch Tool, the probability of a rate cut in June is only 8.3%, rising to 34.2% in July, and further climbing to 51.5% in September. This indicates that the market generally expects a rate cut to possibly occur in September. $BTC #美国加征关税