Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Dow Jones, major indices rise as Fed holds rates steady, Powell warns of trade and inflation risks

Dow Jones, major indices rise as Fed holds rates steady, Powell warns of trade and inflation risks

Crypto.NewsCrypto.News2025/05/06 16:00
By:By Micah ZimmermanEdited by Jayson Derrick

U.S. stocks closed higher Wednesday after the Federal Reserve kept interest rates unchanged and Chair Jerome Powell acknowledged growing uncertainty surrounding the economic outlook. 

The S&P 500 edged up 0.43%, while the Nasdaq Composite rose 0.27% and the Dow Jones Industrial Average added 284 points, or 0.7%.

Disney helped lift the Dow after reporting better-than-expected earnings and a surprise jump in Disney+ streaming subscribers.

As expected, the Fed left its benchmark interest rate unchanged at a range of 4.25%-4.5%, where it has been since December. 

However, the tone of the post-meeting statement and Powell’s press conference pointed to growing concerns that inflation could remain sticky while the economy slows.

“The Committee is attentive to the risks to both sides of its dual mandate,” the Fed said in its statement, adding that “the risks of higher unemployment and higher inflation have risen.” 

Powell echoed those concerns, saying, “My gut tells me that uncertainty about the economy is extremely elevated,” though he emphasized that the negative outcomes had not yet materialized.

Trade policies 

The Fed’s cautious stance comes as the Trump administration doubles down on protectionist trade policies. 

On Wednesday, former President Donald Trump told reporters he would not reduce tariffs on Chinese imports ahead of upcoming U.S.-China trade talks in Switzerland. 

“Large increases in tariffs could lead to a slowdown in growth, an uptick in long-term inflation, and an increase in unemployment,” Powell said.

Markets also reacted to a Bloomberg report that Trump’s team may lift Biden-era restrictions on AI chip exports, which boosted Nvidia shares by about 2%. 

However, Apple and Alphabet weighed on the Nasdaq, with Alphabet sliding roughly 8% after a report suggested Apple may end its default search engine partnership with Google in Safari, opting instead for its own AI-powered search tools.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!

Bitget Announcement2025/09/12 07:46

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

New spot margin trading pair — LINEA/USDT!

Bitget Announcement2025/09/11 10:04