JPMorgan : le Bitcoin surclassera l'or pour le reste de l'année
Point de vue : Le 16 mai, de nouveaux changements sont apparus sur le marché des investissements en 2025. Auparavant, les investisseurs achetaient de l'or et du Bitcoin pour se couvrir contre les risques de dévaluation des monnaies internationales dans le cadre de "transactions de dévaluation", mais cette tendance est désormais un jeu à somme nulle : lorsque l'or monte, le Bitcoin descend. Récemment, la situation s'est inversée, avec une baisse des prix de l'or depuis avril et un renforcement du Bitcoin.
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【JPMorgan delays the expected time for the first rate cut by the Federal Reserve to September】Caixin, May 8th - JPMorgan economists cited "lack of progress in inflation" and postponed the expected time for the first rate cut by the Federal Reserve from July to September. They still expect three rate cuts this year, each by 25 basis points. Economists such as Ellen Zentner, Sam Coffin, and Diego Anzoategui stated in their report that the lack of progress since the beginning of the year means that Fed policymakers need more time to be sure that inflation is steadily falling towards the target of

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Powell made a statement at the press conference that "there will be no rate hike, and interest rates will eventually be cut." After the monetary policy meeting, the overnight interest rate curve (OIS) suggests that the magnitude of interest rate cuts by the Federal Reserve this year has increased to 1.5 times, and the first interest rate cut is expected to be around November. US Treasury yields have fallen across the board.