Inflation data shows that PCE and core PCE both beat expectations, with an additional decline of 0.1%. This greatly alleviates the rumors of the Fed cutting interest rates less next year, and now Wall Street is back to work, expecting a rebound.

💰 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

🥳 Gate.io Challenge Alert! Which is the Correct Answer?
💰 $10 Points * 4 winners
To Join:
1️⃣ Follow Gate_Post
2️⃣ Like this post
3️⃣ Drop your answer in the comments
⏰ Ends at May 9, 10:00 AM (UTC)