Analysis: US GDP contraction and slowing inflation may push the Fed to cut interest rates, Bitcoin is expected to benefit

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ODAILY
05-02
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Planet News: U.S. GDP has shrunk for the first time in three years, with core PCE inflation rate remaining stable, year-on-year dropping from 3.0% to 2.6%, easing inflation concerns. BRN analyst Valentin Fournier stated that inflation is approaching the Federal Reserve's 2% target, strengthening market expectations for interest rate cuts, which could benefit alternative assets like Bitcoin rather than the stock market. Bitcoin has risen over 13% since "Liberation Day," reaching $97,000, with spot ETF net inflows of $442 million on May 1st. Douro Labs CEO Mike Cahill said that if employment data on May 2nd is weak, Bitcoin prices may rise further due to interest rate cut expectations. ()

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