QCP Capital: Expects a rate cut in September and maintains a structurally bullish outlook for the remainder of the year

ChainCatcher news, Singaporean crypto investment firm QCP Capital stated that the Federal Reserve's dot plot remains ambiguous, making it difficult to predict whether officials are inclined to cut rates once or twice this year. QCP Capital expects a rate cut in September, and the Federal Reserve may adopt a wait-and-see approach in the subsequent meetings in November and December.

In addition, driven by the anticipation of the ETH ETF S-1 approval and potential rate cuts in September and at the end of the year, QCP Capital maintains a structurally bullish outlook for the remainder of this year.