Current market expectations and attitudes towards interest rate cuts, inflation higher than expected reducing hopes for rate cuts

The latest CPI data showed slightly higher performance, causing the market's expectation for a July rate cut to gradually fade, while the dollar and U.S. Treasury yields rebounded. Retail investors are beginning to believe that rate cuts may have to wait until the latter half of the year, with uncertainty about whether it can drop to the level of 3.9%

Pricing for rate cuts by the end of the year remains, but uncertainty is rising

The CME FedWatch tool shows that the market is no longer betting on a July rate cut, but there is still about an 89% probability expectation for a September rate cut. Additionally, there are divisions within the Federal Reserve, with some leaning towards rate cuts and others hoping to maintain stability.

🌹 The market is preemptively reflecting potential rate cut sentiments

Although the timing of the rate cut is still uncertain, the market continues to provide positive momentum for core assets. Bitcoin has broken through 120,000, benefiting from the market's expectation of structural easing and a September rate cut

Continuously monitoring: REZ C CATI AVAAI VVV ENS CYBER$BTC $ETH #CPI数据来袭 #山寨季何时到来？