The Federal Reserve ended its two-day interest rate meeting on Wednesday (May 1) and kept the federal funds rate target range unchanged at 5.25% to 5.5%, in line with market expectations.

Federal Reserve (Fed) Chairman Powell said that inflation data so far this year do not yet give Fed officials enough confidence to take interest rate cuts, and it may take "longer than originally expected", but ruled out the possibility of future interest rate increases.

The market was very enthusiastic about Powell's dovish stance. U.S. bond yields fell, U.S. stocks rose sharply, and the price of Bitcoin stabilized after a short-term rise.

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We have to wait a little longer, how long do we have to wait?