Give the brothers a boost, watch the market trends, and be patient!
On May 8th at 2 AM, the Federal Reserve will hold a monetary policy meeting, confirming that there will be no interest rate cuts, but Powell's statements regarding future interest rate trends are crucial. If he 'doves' and hints at a rate cut in June, it will stimulate a rise in the crypto market; if he 'hawks', the crypto market may fall significantly.
Current data shows that the probability of a rate cut in June is slightly higher than that of no cut, and today's PCE inflation data is likely to decrease. Overall, Powell 'doving' in the May meeting is likely to pave the way for a rate cut in June, which is favorable for the crypto market.
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