$BTC

🏛️ Global policies and central bank trends

• The Federal Reserve keeps interest rates unchanged: On May 7, the Federal Open Market Committee (FOMC) of the Federal Reserve announced that it would keep the benchmark interest rate unchanged and emphasized that it would closely monitor inflation and employment data to assess the future direction of monetary policy.

• Bank of Japan releases minutes: The Bank of Japan released the minutes of its March 18-19 monetary policy meeting on the evening of May 7, providing the market with further insight into its policy stance. 

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🌐 Geopolitical and trade situation

• China-Russia high-level meeting: China will pay a state visit to Russia from May 7, which is expected to last until May 10. This move may have an impact on China-Russia economic cooperation and geopolitical landscape. 

• APEC Meeting: The APEC Senior Finance Officials Meeting will be held in Jeju, South Korea on May 8-9 to discuss regional economic cooperation and financial stability issues. 

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📉 Financial Markets and Economic Forecasts

• Increased volatility in global stock markets: Affected by the new round of US tariff policies, global stock markets have experienced significant fluctuations since early April. The Dow Jones Industrial Average plunged 4,000 points in 48 hours, marking its longest two-day losing streak in history. 

• Adjustment of global economic growth forecast: Coface expects global economic growth to be 2.7% in 2025, slightly higher than the previous forecast of 2.6%, mainly benefiting from the better-than-expected resilience of the US economy. 

• World Economic Forum Outlook: The World Economic Forum report states that 56% of chief economists expect the global economic situation to weaken in 2025, mainly due to rising debt levels and increased political uncertainty. 

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🇹🇼 Taiwan Economic Trends

• Rising inflation rate: The Directorate-General of Budget, Accounting and Statistics, Executive Yuan announced on May 7 that the annual growth rate of the Consumer Price Index (CPI) in April 2025 was 2.03%, exceeding the warning line, mainly affected by the rise in prices of food such as fruits and meat. 

• Economic growth forecast revised downward: The Taiwan Institute of Economic Research pointed out that due to the impact of global trade frictions and US tariff policies, international forecasting agencies have significantly lowered the growth performance of major economies in 2025. Taiwan also needs to adjust its development strategy to meet the challenges.