Analysis: US GDP contraction and inflation slowdown may push the Federal Reserve to cut interest rates, Bitcoin is expected to benefit

Odaily Planet Daily reported that the US GDP contracted for the first time in three years, while the core PCE inflation rate remained unchanged, dropping from 3.0% year-on-year to 2.6%, easing inflation concerns. BRN analyst Valentin Fournier stated that inflation is approaching the Federal Reserve's 2% target, and market expectations for interest rate cuts are increasing, which may benefit alternative assets such as Bitcoin rather than the stock market. Bitcoin has risen over 13% since Liberation Day, reaching $97000, with a net inflow of $442 million into spot ETFs on May 1st. Douro Labs CEO Mike Cahill said that if the employment data weakens on May 2nd, Bitcoin prices may rise again due to expectations of interest rate cuts. （The Block）