After Powell's Speech, Market Now Pricing in Rate Cut This Year

BlockBeats News, March 30th: Federal Reserve Chairman Powell stated that although current job growth is very slow, artificial intelligence is increasing people's productivity, leading to a very optimistic outlook for the medium to long term. The U.S. economy remains vibrant and productivity is strong.

Market pricing indicates that bets on Fed rate hikes have been withdrawn, with a shift towards pricing in the possibility of rate cuts this year. (FX168)