According to @CMEGroup, traders are closely monitoring the upcoming FOMC meeting on Wednesday, May 7th, where a potential Fed rate cut is expected. The CME Group's FedWatch Tool indicates increased market anticipation of a rate reduction, which could impact major crypto assets like Bitcoin and Ethereum. However, analysts highlight that Jerome Powell's post-meeting statements will be critical for short-term price volatility and trading strategy adjustments. Market participants are advised to track both the decision and Powell's remarks for actionable trading opportunities (source: @CMEGroup).