QCP: Expectations of Fed interest rate cuts boost Ethereum momentum, Jackson Hole annual meeting becomes focus

QCP announced on August 13th that the US July CPI data was lower than expected, strengthening market expectations for a 25 basis point rate cut by the Federal Reserve in September. In terms of the cryptocurrency market, ETH prices are approaching historical highs driven by capital inflows, and long-term holders are feeling excited. QCP predicts that the Jackson Hole Conference will become the next market focus, and the Federal Reserve may release signals of further interest rate cuts.