Summary of the Federal Reserve's interest rate meeting last night:

1. 【Two rate cuts this year】

Maintains the expectation of two rate cuts this year, but lowers next year's rate cut expectation from two to one.

2. 【Lowered U.S. GDP expectation for this year】

The Federal Reserve's latest economic projections (SEP) expect U.S. GDP to grow by 1.4% in 2025, down from an estimated 1.7% in March.

3. 【Increased unemployment rate expectation】

The unemployment rate is expected to be 4.5% in 2025, up from an estimated 4.4% in March.

4. 【Increased U.S. inflation expectations for 2025-27】

Core PCE inflation is expected to be 3.1% in 2025, up from an estimated 2.8% in March.

Currently, market bets show: the probability of a rate cut on July 30 has dropped from 18% to 6%.

The probability of a 25 basis point rate cut on September 17 is as high as 44%.

Now, with the economic slowdown, rising unemployment, and increasing inflation,

rate cuts will not happen until at least September, so it's better to take a cautious approach in the next two months.

Engaging in short-term trades with major cryptocurrencies can also be quite comfortable.