According to @stocktalkweekly, Bank of America now forecasts two 0.25% Federal Reserve rate cuts this year—one in September and one in December—citing this morning's weak jobs data as the catalyst, source: @stocktalkweekly. According to @stocktalkweekly, this is a shift from its prior view of zero cuts in 2025, source: @stocktalkweekly.

According to @MilkRoadDaily, today’s cooler inflation print pushed the probability of a September Federal Reserve rate cut to 94.4% (source: @MilkRoadDaily). In this environment, @MilkRoadDaily states that risk assets tend to thrive and Ethereum (ETH) could see a parabolic move (source: @MilkRoadDaily).