$BTC
Federal Reserve minutes indicate potential rate cuts by year-end
According to BlockBeats, the Federal Reserve meeting minutes suggest a slight downward shift in the implied path of the key policy based on option prices, indicating a likelihood of one to two rate cuts by year-end, each by 25 basis points. This expectation is just slightly higher than the forecasts during the Federal Open Market Committee meeting in March. The distribution of implied end-of-year rate probabilities embedded in options has shifted to the left, highlighting increased downside risks.
Following the minutes, we witnessed significant selling pressure, necessitating market monitoring tomorrow and after to ensure its trends, so I advise against buying at the moment.
