Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
#FedHoldsRateButDividesDeepen
The Fed kept rates steady but the internal split is deepening.
May 2026 FOMC: The policy rate stays in the 5.25 to 5.50 percent range. The decision was not unanimous. Two members called for a 25 basis point cut and one member argued for a 25 basis point hike. This is the clearest division since 2008.
What do the minutes say
First the hawkish side. Oil is above 110 dollars, Hormuz tensions continue, and AI data center spending is strong. This keeps inflation sticky. The view is that we should not ease before the 5 percent bond yield creates more inflation.
Second the dovish side. Real yields are at 1.96 percent which is a 15 year high. Consumer credit has slowed and liquidity is drying up. The concern is that the brake is too hard and recession risk is rising.
Third the Kevin Warsh effect. The new chair candidate gave dovish signals to the market but the committee is not convinced. The message that the Fed will stay data dependent carried more weight.
Market reaction
The 10 year Treasury yield moved from 4.42 percent to 4.38 percent but the 4.35 percent barrier did not break.
The DXY index rose to 106.8 and gold faced pressure at 4564 dollars.
BTC held at 80700 dollars but there is no clear signal for a move above 82000 dollars. The market still prices that rate cuts are pushed to the second half of 2026.
Risk assets remain indecisive. A steady rate is not bad on its own but the division increases the uncertainty premium.
What should a trader watch
First the June CPI. If core comes in above 3.2 percent the hawkish side gains strength.
Second the 10 year yield. If it moves above 4.6 percent while the Fed is divided, bond selling becomes a red alert for all risk assets.
Third the pace of QT. Balance sheet reduction continues at 60 billion dollars per month. Liquidity keeps being withdrawn.
Summary
The Fed is on hold but there is no consensus. The worst scenario for the market is stubborn inflation plus slowing growth plus a divided Fed. Capital prefers to stay in the 5 percent risk free return. For crypto the new catalyst is a clear Fed pivot. Until that comes the market stays sideways and compressed.
Note
This post is not investment advice. Always do your own research.
#GateSquareMayTradingShare
#Gate广场五月交易分享
The Fed kept rates steady but the internal split is deepening.
May 2026 FOMC: The policy rate stays in the 5.25 to 5.50 percent range. The decision was not unanimous. Two members called for a 25 basis point cut and one member argued for a 25 basis point hike. This is the clearest division since 2008.
What do the minutes say
First the hawkish side. Oil is above 110 dollars, Hormuz tensions continue, and AI data center spending is strong. This keeps inflation sticky. The view is that we should not ease before the 5 percent bond yield creates more inflation.
Second the dovish side. Real yields are at 1.96 percent which is a 15 year high. Consumer credit has slowed and liquidity is drying up. The concern is that the brake is too hard and recession risk is rising.
Third the Kevin Warsh effect. The new chair candidate gave dovish signals to the market but the committee is not convinced. The message that the Fed will stay data dependent carried more weight.
Market reaction
The 10 year Treasury yield moved from 4.42 percent to 4.38 percent but the 4.35 percent barrier did not break.
The DXY index rose to 106.8 and gold faced pressure at 4564 dollars.
BTC held at 80700 dollars but there is no clear signal for a move above 82000 dollars. The market still prices that rate cuts are pushed to the second half of 2026.
Risk assets remain indecisive. A steady rate is not bad on its own but the division increases the uncertainty premium.
What should a trader watch
First the June CPI. If core comes in above 3.2 percent the hawkish side gains strength.
Second the 10 year yield. If it moves above 4.6 percent while the Fed is divided, bond selling becomes a red alert for all risk assets.
Third the pace of QT. Balance sheet reduction continues at 60 billion dollars per month. Liquidity keeps being withdrawn.
Summary
The Fed is on hold but there is no consensus. The worst scenario for the market is stubborn inflation plus slowing growth plus a divided Fed. Capital prefers to stay in the 5 percent risk free return. For crypto the new catalyst is a clear Fed pivot. Until that comes the market stays sideways and compressed.
Note
This post is not investment advice. Always do your own research.
#GateSquareMayTradingShare
#Gate广场五月交易分享