#美国贸易赤字状况 Federal Reserve Policy Movements and Global Central Banks Focus

Major news from the United States. Trump has confirmed the Federal Reserve Chair candidate and instructed the purchase of $200 billion in mortgage-backed securities, further signaling economic stimulus. U.S. Treasury Secretary Yellen has urged the Fed to continue cutting interest rates to support economic growth. The Congressional Budget Office expects the Fed to implement a mild rate cut this year, while Fed Board Member Mester is more aggressive, predicting about 150 basis points of cuts by 2026. Credit rating agency Fitch believes there will be two rate cut opportunities in the first half of the year, with the unemployment rate expected to remain around 4.6%.

In the European Central Bank region, Portuguese Central Bank Governor Centeno warned that Europe is in a "structural uncertainty" phase, increasing market attention.

Central bank actions in the Asia-Pacific region are also worth noting. Japan's foreign exchange reserves reached $1,369.8 billion (an increase of $10.4 billion month-on-month), and Bank of Japan officials expect to keep interest rates stable this month. South Korea's Ministry of Finance plans to implement a 24-hour foreign exchange trading system starting in July, while also raising this year's economic growth and inflation forecasts.

The rising expectations of a global rate cut cycle, combined with pressure from the U.S. trade deficit, are profoundly affecting the investment atmosphere of risk assets such as $BTC and $ETH .