The Federal Reserve's minutes release a signal for interest rate cuts, institutions predict a strong dovish signal from the Fed's June meeting minutes ahead of schedule. Huoniu believes that as long as there is an expectation of rate cuts, the overall direction remains: bullish

1. Citigroup: Expects to start cutting rates in September, with a cumulative cut of 125 basis points by March 2025;

2. Goldman Sachs: Moves the rate cut expectation three months earlier to September, with the terminal rate expectation lowered from 3.5% to 3.25%, while significantly raising the 12-month target for the S&P 500 index to 6900 points (originally 6500 points);

3. Basis: Inflation pressure is lower than expected, the job market shows signs of weakness, and the impact of tariffs may be absorbed all at once. #BTC☀️