TechFlow news: QCP Capital stated that the market expects two rate cuts in 2024. Interest rate futures indicate a 56% probability of a rate cut in September, with another possible cut in December.
It believes the Fed's dot plot is unclear, making it difficult to predict the number of rate cuts this year. However, a rate cut in September is expected, while the Fed may adopt a wait-and-see stance in November and December.
Bullish for the remainder of the year due to expectations of ETH ETF S-1 approval and potential rate cuts.
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