Market Dynamics:
1. The latest statements from the Federal Reserve Chairman release multiple signals: emphasizing the independence of monetary policy from administrative interference, pointing out that trade barriers may lead to sustained inflationary pressures, believing that the job market shows a healthy balance, holding a cautiously optimistic attitude toward the development of AI technology, clearly ruling out the possibility of policy bailouts, mentioning that digital assets are accelerating their integration into the traditional financial system, and suggesting that banking regulation standards may be moderately adjusted.
2. The latest pricing in the interest rate futures market indicates that the probability of the May FOMC meeting remaining unchanged is around 83%.
Market Reaction: Major stock indices are fluctuating downward, with a worsening decline towards the end of trading, safe-haven assets continue to strengthen, and gold prices have reached new historic highs.