Powell's Speech Shakes Market Dynamics: Bitcoin Becomes the Focus, US Stocks Under Pressure, Gold Slightly Rises
In today's financial markets, Federal Reserve Chairman Powell's speech undoubtedly became a major bombshell, attracting widespread attention and heated discussions globally. Powell not only conducted an in-depth analysis of the current state and future trends of the US economy but also specifically mentioned the latest developments in the cryptocurrency market, making digital currency a key highlight of his speech.
In his speech, Powell expressed his views on the current economic situation. He pointed out that although the US economy remains robust, the strong imports in the first quarter have somewhat dragged down GDP growth. At the same time, he hinted at the flexibility of future policies, stating that he would wait for clearer signals before considering adjustments to policy stances.
When discussing inflation and the job market, Powell stated that the impact of tariffs may be more persistent, which will exert some upward pressure on inflation. While the job market remains generally balanced, the reduction in research funding may significantly affect employment, and the unemployment rate is expected to rise.
It is worth noting that Powell gave a positive assessment of the cryptocurrency market during his speech. He believes that cryptocurrencies are gradually becoming mainstream and stated that a corresponding legal framework needs to be established for stablecoins. This statement undoubtedly injected a shot of confidence into the market, creating new development opportunities for the digital currency market.
As a result of Powell's speech, the market reacted fiercely. The dollar index initially fell before fluctuating back up, then dropped again; US stocks continued to decline, with the Nasdaq falling nearly 4%. However, amidst the downward trend, Bitcoin performed strongly, steadily climbing in price and becoming the market's focal point.
Powell's speech undoubtedly brought new variables to the global market. In terms of policy direction, inflation employment, and the cryptocurrency market, investors need to closely monitor market dynamics and做好风险防范.
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