The Federal Open Market Committee (FOMC) meeting will be held on 6/12. Whether the Federal Reserve will finally nod to a rate cut in its eight meetings a year is the focus of the entire market. Due to last month’s unfavorable employment rate for lowering inflation indicators, market expectations for a rate cut have once again been dashed.
Bitcoin continues to plummet to 67K on the eve of FOMC with net outflow of 64 million euros yesterday