BlockBeats News, March 20th, the Federal Reserve decided to keep the policy interest rate unchanged, in line with market expectations. At the same time, it announced a significant slowdown in the pace of balance sheet reduction (QT) to ease market liquidity pressures. Powell reassured investors that the risk of a recession is low, the U.S. economy remains strong, and the job market remains solid.

According to 4E monitoring, the Fed's dovish stance boosted risk assets, with all three major U.S. stock indexes rising on Wednesday, with the S&P 500 up 1.08%, the Dow up 0.92%, and the Nasdaq up 1.41%. Tech stocks led the gains, with Tesla up 4.68% and Nvidia up 1.81%.

The crypto market saw a sharp rebound, with Bitcoin continuing its volatile rally to $87,453 driven by tech stocks, before slightly pulling back to $85,866 at the time of writing, a 3.6% increase in the past 24 hours. Other major cryptocurrencies rose collectively, with Ethereum back above $2000, and XRP surged over 11% as the SEC dropped its appeal against Ripple.

In the commodities market, the U.S. dollar index surged but quickly narrowed its gain after the Fed announced no change, up 0.21%; U.S. oil rose by 0.39%; the spot gold price hit a new intraday high for the second consecutive day, nearing $3052 during Powell's press conference.

During the press conference, Powell acknowledged that Trump's economic policies have brought a high degree of uncertainty to the U.S. economy but reiterated that the Fed is not in a hurry to adjust its monetary policy. The updated dot plot shows the Fed is expected to cut interest rates twice this year, in line with the forecast from December last year. At the same time, the Fed lowered its economic growth forecast in the latest projections while raising inflation expectations, showing signs of "stagflation."

eeee.com, as a financial trading platform supporting cryptocurrency, stock indices, commodities like gold, and forex, recently launched a USDT stablecoin financial product with an 8% annualized yield, providing investors with a potential hedging option. 4E reminds you to be aware of market volatility risks and to allocate your assets sensibly.