Analysis: Mixed U.S. economic reports may spur the Fed to turn dovish, positive for Bitcoin

robot
Abstract generation in progress

According to Mars Finance, recent U.S. economic data has shown mixed results, including a slowdown in GDP growth, a decline in consumer spending, and a weak job market, raising market expectations that the Federal Reserve may shift to a dovish stance at its May policy meeting. Analysts believe that if the Federal Reserve slows down interest rate hikes or considers cutting rates, it will benefit the performance of risk assets such as Bitcoin. Citi's chief economist Andre Hollenhorst stated that the ongoing weakness in the labor market could prompt the Federal Reserve to cut rates faster than the market expects. Currently, the market only anticipates a 50 basis point cut before mid-2026. Bitcoin's price has recently fluctuated between $93,000 and $95,000, with investors following the impact of changes in Federal Reserve policy on its trend. (The Block)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
ThereArePoliceOfficervip
· 05-01 11:42
Steadfast HODL💎
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)