In the latest Fed policy statement, Chairman Powell maintained a cautious stance on the issue of interest rate cuts, a remark that sparked a reassessment among investors regarding the possibility of a rate cut in September.

Currently, the Fed is maintaining the benchmark interest rate in the range of 4.25% to 4.5%, reflecting ongoing uncertainty regarding the economic outlook. Powell noted that prices in certain categories of goods are being affected by tariff increases and hinted that interest rates may remain unchanged at the next FOMC meeting.

'We have not made any decisions regarding September's policy,' Powell emphasized. This statement caused the market's expectations for a rate cut in September to plummet from 63% to 40%.

Comerica Bank's chief economist Adams believes that if the unemployment rate remains stable and tariffs push up inflation, there may not be sufficient reasons for a rate cut in the short term. It is worth noting that the current inflation rate in the United States is 2.7%, which has risen for four consecutive months, making it challenging to achieve the 2% inflation target.

The director of LVRG Research Institute, Le Ke, has a cautious view on the cryptocurrency market. He stated: 'If the Fed continues to maintain a cautious stance, it may slow down the pace of the bull market. However, the increase in liquidity may provide some support to the market.'

Nevertheless, the market generally expects that there may still be one or two interest rate cuts within the year. This expectation, along with the subtle balance between current economic data and policymakers' attitudes, will continue to influence the direction of financial markets such as cryptocurrencies.

In this complex macroeconomic environment, investors need to closely monitor the Fed's policy signals and changes in economic indicators in order to timely adjust their investment strategies. At the same time, participants in the cryptocurrency market should also be aware that while traditional financial policies have some impact on the digital asset market, the industry's own development and innovation are also key factors determining its long-term trends.