Ethereum's ObjectivesWhen it comes to big money, two things reign supreme: safety and profitability, in that order. The more reliable the source and the higher the returns, the more capital flows into it. For the "big players" of the world, popular money storage vehicles include American deposits and so-called "treasuries" — American bonds.The influence is straightforward: as soon as the US starts to raise interest rates, it becomes advantageous to hold money in American deposits and bonds, and capital begins to flow from gold, stock markets, and crypto-assets into greenbacks. This almost immediately reflects in the dollar's rise. The fact of rate hikes usually triggers a short-term opposite reaction — as per the "buy on rumors, sell on news" rule. But on rate hike expectations, the dollar typically rises.Currently, the market situation is reversed — we're in what's called a "transitional period" (sometimes referred to as "crypto spring"), where rates are no longer rising, but they haven't started falling either. The main question now is when the Fed will start lowering this very bank interest rate. Naturally, when the accounting rate decreases, the opposite reaction occurs — the dollar is sold off, crypto-assets are bought, positively impacting their prices. This phase is usually the strongest and most turbulent period of strengthening for "risk assets" against the defensive dollar.The most likely scenario now is the announcement of the start of the rate cut cycle at the Fed meeting on September 18th (48.1% according to the CME Group portal). This probability could significantly increase in the near future. The regulator currently employs a strategy known as the "dual mandate," where decisions on lowering or raising deposit rates are based on two key data indicators — the US labor market and consumer prices (inflation). For rates to be lowered, both the labor market and inflation need to show a declining trend.The latest indicator isn't pleasing to the board members led by Chairman Jerome Powell — inflation in recent months has again begun to approach the "shores of the Atlantic," precisely triggering a noticeable correction in the crypto market after the March meeting. However, the first indicator — the labor market on May 3rd — reported a downward trend (since the beginning of the year, the numbers have been better than forecast), which is the first good sign for the Fed to consider earlier rate cuts than previously planned. Plus, as a result of the report, markets once again started factoring in two Fed rate cuts this year instead of one.In conclusion, it's worth noting that the April non-farm (labor market) report provided an excellent start for the subsequent reversal of the Fed's policy. It's also highly desirable for the FOMC (Fed committee) to see a slowdown in inflation. But the first step in this direction has been taken. All of this plays into the hands of practically all digital assets without exception.