Analysis: The Federal Reserve's interest rate cut hopes to shift towards September, while Bitcoin remains stable

Odaily Planet Daily reported that the Federal Reserve has kept policy rates unchanged and hinted that high rates may still be maintained after next month's meeting. Analysts predict that a wait-and-see attitude will lead to market consolidation lasting for several months, and this trend is favorable for Bitcoin. BRN Chief Analyst Valentin Fournier added that inflation has cooled down and tariff concerns have eased, but the slowdown in US economic growth has raised concerns about stagflation. Federal Reserve Chairman Jerome Powell expressed confidence in the "deflationary trend" at a press conference after the meeting, with a slightly dovish tone. However, he pointed out that steady job growth and strong consumer spending provide space for policymakers to maintain high interest rates. Due to the lack of urgency to cut interest rates, the Federal Reserve reiterated its wait-and-see attitude and postponed the expectation of the first rate cut until September. （The Block）