4E: Powell denied that the Fed would bail out the market, US stocks plummeted, and the crypto market performed independently

BlockBeats News, on April 17, according to 4E monitoring, Powell's latest speech warned that tariff hikes far more than expected may face inflation and economic dilemmas, suggesting that the Federal Reserve will prioritize controlling inflation, and reiterated that it will maintain a wait-and-see stance, denying that interest rates will be cut to save the market when the market falls. Hit by this hawkish remarks, the three major U.S. stock indexes collectively plummeted, with the Nasdaq plummeting 3.07%, the S&P 500 falling 2.24%, and the Dow falling 1.73%. The Big Seven fell in general, with Nvidia closing down nearly 6.9% and Tesla falling nearly 5%. The crypto market was relatively independent of the U.S. stock market crash, with Bitcoin briefly plunging after Powell's speech, but quickly regaining its footing above $84,000 and currently trading at $84,227, up 0.8% in 24 hours. Most altcoins rose, but the market sentiment was cautious, and investors were wary of whether they would be affected by the spread of overall economic risks in the future. The volatility of the foreign exchange market intensified, and the dollar index extended its losses after Powell's speech, falling slightly more than 1% on the day; Crude oil rebounded nearly 2% to a near two-week high after the U.S. announced new sanctions on Iran's oil exports; Gold prices maintained their gains throughout the day on Wednesday, with spot gold rising nearly 3.5% during the day, another record high. When the U.S. stock market plummeted, Trump repeatedly called for interest rate cuts, and the market also raised expectations for the Fed's emergency interest rate cut to save the market, but Powell's latest speech poured cold water on the market. The CME FedWatch tool shows that the probability that the Fed will keep interest rates unchanged in May increases to 83.2%. eeee.com As a financial trading platform that supports cryptocurrency, stock index, gold, foreign exchange and other assets, it has recently launched a USDT stablecoin wealth management product with an annualized yield of 8%, providing investors with potential hedging options. 4E reminds you to pay attention to the risk of market volatility and allocate assets reasonably.