📊｜Understand in seconds, the Fed's interest rate decision last night
📌The US Federal Reserve decided on May 1 to keep the target range of the federal funds rate at 5.25% to 5.50%, in line with market expectations. This decision reflects the latest data on US economic growth and price levels: on the one hand, GDP growth in the first quarter was 1.6%, which did not meet market expectations; on the other hand, the core personal consumption expenditure (PCE) price index increased by 3.7% year-on-year, exceeding the expectation of 3.4%, indicating that inflation still has stubborn upward risks.
🔻Combining these economic indicators, the market expects that the Fed may only cut interest rates once this year, which is much lower than the expectation of about six interest rate cuts at the beginning of the year.
♦️Just after the meeting was announced last night, $BTC was about to return to the 6w mouth, but it fell rapidly📉. This is obviously the dealer taking advantage of the meeting resolution to pull the market, and another wave took away a lot of air force. Currently, contracts are not recommended. Spot can be slowly added here. After all, the current price may be the lowest point this year🫰🏻
