$ETH The hope for Fed rate cuts fades, investors on edge

The hope for Fed rate cuts has vanished, and a rate cut in June seems almost impossible. The latest inflation data shows that the core CPI is higher than expected, and the Producer Price Index (PPI) is also rising, indicating that the Fed is not in favor of a short-term rate cut.

According to the CME FedWatch tool, the market predicts a 97.4% probability that the Fed will not cut rates this month. This news has left investors anxious, and cryptocurrency prices have also been