The Federal Reserve maintains interest rates, and Powell assures a robust economy. This decision stabilizes market confidence in the U.S. economy, indicating that the Fed believes the current economic situation can maintain stable development at existing interest rate levels. It also sends a signal to the market that the monetary policy will not be easily changed due to external factors such as trade wars.

U.S.-China Trade-related Events and Impacts

• The United States may relax AI chip export restrictions: The market expects the U.S. to ease restrictions on AI chip exports to China. This expectation has improved market outlook on the chip industry, driving chip stocks higher and subsequently pushing the three major U.S. stock indices to close up, reflecting a positive market response to the easing of tensions in the U.S.-China technology sector.

• U.S.-China Talks: U.S.-China talks will commence on May 10, marking an important engagement in the trade and economic field. The market has certain expectations for the talks, hoping that they can resolve some trade dispute issues and reduce trade uncertainty, leading to improved market sentiment ahead of the discussions.

• China cuts interest rates and reserve requirements: On May 7, China announced interest rate cuts and a series of large-scale easing measures, releasing over 1 trillion yuan in market liquidity. This is beneficial for lowering financing costs in the real economy, releasing liquidity, aiding the recovery of the stock and real estate markets, and boosting market confidence.

Bitcoin-related information

Bitcoin prices hover around 97K, with K33 suggesting the viewpoint of 'holding and leaving it in May.' This may be based on the current price trend of Bitcoin, market trends, and judgments about the market in the near future, believing that Bitcoin has the potential for continued holding and possible appreciation in May. However, Bitcoin prices are highly volatile, and its future trends remain highly uncertain.