[The Fed maintains the benchmark interest rate unchanged, and the market predicts an increased possibility of rate cuts] 📢Recently, the Federal Reserve announced that it would maintain the benchmark interest rate at 5.25%-5.50%, which is in line with market expectations. After the announcement of this news, the gains of US short-term interest rate futures continued, and traders bet that the Fed's rate hikes have ended, and the possibility of further rate hikes has been reduced to less than 20%. At the same time, the market's expectations that the Fed will start to cut interest rates in June 2024 have also increased.

What does this news mean for the blockchain industry? First, the Fed's maintenance of interest rates means that the liquidity of the market will remain stable, which is beneficial to the development of the blockchain industry. Secondly, the market predicts that the possibility of rate cuts will increase, which will help reduce the financing costs of enterprises and provide more financial support for the innovation and development of the blockchain industry.

Of course, this news also has a certain impact on the cryptocurrency market. On the one hand, the Fed's maintenance of interest rates will help stabilize market expectations and reduce market volatility, which is good news for the cryptocurrency market. On the other hand, the market predicts that the possibility of rate cuts will increase, which will help increase the attractiveness of cryptocurrencies and attract more investors to the market.

So, what do you think about the news that the Federal Reserve keeps interest rates unchanged and the market predicts that the possibility of rate cuts will increase? Feel free to speak out in the comment area and discuss the future development of the blockchain industry together! 😄