According to the latest FOMC meeting and Jerome Powell's conference (source: Federal Reserve, June 2024), the Federal Reserve kept interest rates unchanged as expected. The Fed signaled that two rate cuts of 25 basis points each are anticipated in 2025. Powell highlighted that the inflationary effects of tariffs are only just beginning, and Fed officials project high inflation alongside low GDP growth over the next 12 months. This cautious outlook increases uncertainty across risk assets, including cryptocurrencies such as BTC and ETH, with traders likely to price in continued macroeconomic headwinds.