$BTC The State Council Information Office announced on May 6 that it will hold a press conference at 9 AM on May 7, where officials from the People's Bank of China, the National Financial Regulatory Administration, and the China Securities Regulatory Commission will introduce the situation regarding 'a package of financial policies to support market stability and stabilize expectations' and answer questions from reporters.
On the eve of the Federal Reserve's interest rate decision, macro journalist Nick Timiraos, known as the 'voice of the Federal Reserve', stated that the Fed will not 'abandon its efforts to combat inflation too early'. He also pointed out that under the impact of tariff policies, regardless of whether interest rates are cut or not, the Fed will ultimately find itself in a dilemma: either face an economic recession or wait for a more troublesome stagflation to manage.
The Federal Reserve will hold its interest rate meeting starting Tuesday and will announce the results at 2 AM Beijing time on Thursday (May 8).
Will this press conference affect the interest rate decision?
As of the time of writing, BTC shorts still dominate the trend. Are they poised for action?