Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

Stay up to date on the latest crypto trends with our expert, in-depth coverage.

Flash
  • 21:37
    Institutions assess Powell's speech: Nothing about "hawkish rate cuts"
    Jinse Finance reported that Informa Global Markets commented on the latest speech by Federal Reserve Chairman Jerome Powell: so-called "hawkish rate cuts" are just like this. Powell pointed out that there is tension between the Fed's dual mandate, but also admitted that there has not been much change since the last meeting. His remarks were generally similar to previous ones. The most memorable sentence from this press conference was: "The current economy is not like an overheated economy that would trigger labor-driven inflation."
  • 21:31
    The Federal Reserve reminds the market not to take interest rate cuts for granted.
    According to ChainCatcher, citing Jinse Finance, Chris Grisanti, Chief Market Strategist at New York's MAI Capital Management, stated that although the Federal Reserve's interest rate cut was as expected, there is uncertainty regarding the extent and timing of future rate cuts. He emphasized that the market should not take rate cuts for granted, and that further cuts are only likely if the economy slows down significantly. Grisanti hopes that there will be no rate cuts in 2026, as this would indicate a weakening economy.
  • 21:26
    All three major U.S. stock indexes closed higher.
    Jinse Finance reported that all three major U.S. stock indexes closed higher, with the Dow Jones up 1.05%, the Nasdaq up 0.33%, and the S&P 500 up 0.68%. Most large technology stocks rose, with Tesla, Amazon, Broadcom, and Google all gaining over 1%, while Meta fell more than 1% and Microsoft dropped more than 2%. The cryptocurrency sector led the declines, with GameStop down more than 4% and Strategy down more than 2%.
News
© 2025 Bitget