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

1. 【Two rate cuts this year】

Maintaining the expectation of two rate cuts this year, but lowering the forecast for rate cuts next year from two times to one.

2. 【Lowering U.S. GDP forecast for this year】

In the latest release of the Economic Projections Summary (SEP), the Federal Reserve expects U.S. GDP to grow by 1.4% in 2025, down from an expected 1.7% in March.

3. 【Raising unemployment rate forecast】

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

4. 【Raising inflation forecast for the U.S. from 2025 to 2027】

The core PCE inflation rate is expected to be 3.1% in 2025, up from an expected 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 rate, and increasing inflation,

the earliest rate cut will have to wait until September, so it's better to watch more and act less in the next two months.

Doing some short-term trades on mainstream coins is also quite comfortable.