Analysis: Mixed U.S. Economic Report May Prompt Fed to Turn Dovish, Benefiting Bitcoin Trend

Odaily Planet Daily News: Recent U.S. economic data has been mixed, including a slowdown in GDP growth, a decline in consumer spending, and a weak job market, leading to market expectations that the Federal Reserve may adopt a dovish stance at its May policy meeting. Analysts believe that if the Federal Reserve slows down rate hikes or considers rate cuts, it will benefit risk assets such as Bitcoin. Citi's Chief Economist Andre Hollenhorst stated that a persistently weak labor market could prompt the Federal Reserve to cut rates faster than the market expects. Currently, the market only anticipates a 50 basis point rate cut by mid-2026. Bitcoin prices have recently fluctuated between $93,000 and $95,000, with investors focusing on the impact of Federal Reserve policy changes on its trend. (The Block)