Macro: FOMC - Federal Reserve awaits economic data - interest rate cuts come later Powell was almost tight lipped during last week's Federal Reserve meeting. During the press conference, reporters asked Powell in various ways, 'When will you cut interest rates and how much?'. And Powell has always been one word, wait. Last month's core CPI was 0.1% year-on-year, and the market has begun to predict that the CPI in April will rebound to 0.3% One of the bigger problems is that I didn't expect Powell to be more hawkish if he didn't make a statement. Because at that time, the market had already priced the Fed's 2025 interest rate cuts four times. At present, the market cannot hear the willingness of the Federal Reserve to cut interest rates, so it naturally needs to remove some of the pricing of interest rate cuts. There are only 2.6 times left by the end of 2025. That's why interest rates have risen this week and the US dollar has not peaked, but continues to rise. BTC continues to rise in one word: 📈