💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
ANZ Bank: The Fed's current easing cycle will cut interest rates by 200 basis points
On September 13th, Jin10 Data News - Brian Martin, G3 Chief Economist at ANZ Bank, said that he expects the Federal Reserve to cut interest rates by 200 basis points in the upcoming easing cycle, as widely expected by the market in the next week's policy meeting. He stated that the potential financial and economic conditions in the United States do not necessarily mean that the easing cycle will start in a more forceful manner. However, he added that if there is a substantial deterioration in the labor market, it would be reasonable to accelerate the pace of easing. ANZ Bank expects the 2024 and 2025 forecasts in the FOMC dot plot to be lowered as committee members anticipate the need for rate cuts during this period.