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The Fed's "wordplay": the expectation of interest rate cuts is the key
Although it has become a foregone conclusion that there will be no interest rate cut in July, the market is more concerned about the Fed's "dot plot" and policy signals. If the Fed suggests that there will only be one interest rate cut this year, the market may be disappointed, leading to short-term pressure on US stocks and cryptocurrencies; however, if it signals two interest rate cuts, risk assets may usher in a new round of upward movement.