Bitcoin prices go up and down due to issues in the US economy. The economy is getting weaker, but inflation isn't dropping like it should. The Federal Reserve is uncertain about cutting interest rates by 75 basis points this year, affecting what the market expects. The future is unclear.

Federal Reserve Comments

Statements from Federal Reserve members after the latest data and May interest rate decisions are more important now. Fed Member Kashkari said there's doubt about interest rates being too high. Inflation isn't improving like it should, leading to questions about current policies.

The housing market is holding up despite tight monetary policy, indicating the need to reassess interest rates. The Fed is trying to figure out if disinflation is still a problem.

Adjusting interest rates to 2.5% could impact inflation targets. The Fed may struggle to reach the 2% inflation goal given the current situation.