ChainCatcher news, according to CoinDesk, as a key indicator of economic sentiment and corporate credit health, the ICE/BofA US High Yield Index Option-Adjusted Spread (OAS) has retreated from recent highs, supporting a rebound in risk appetite for cryptocurrencies and the stock market, but analysts believe this relief may be short-lived.The OAS metric measures the average yield spread between dollar-denominated high-yield corporate bonds and U.S. Treasuries, adjusted for embedded options in the bonds. This metric is widely regarded as a barometer of credit risk, with widening spreads typically indicating increased investor concerns about corporate defaults or economic weakness.Currently, the OAS has decreased from a six-month high of 3.4% earlier this month to 3.2%, a decline that supports the resurgence of Bitcoin (BTC) and the Nasdaq. Previously, the spread had surged by 100 basis points over four weeks to mid-March, as concerns over economic recession triggered by Trump's tariff policies caused Bitcoin to drop below $80,000 and the Nasdaq to suffer significant losses.However, analysts expect that as the negative effects of Trump's tariff policies gradually become apparent, the OAS spread will widen further in the coming weeks. Hans Mikkelsen, Managing Director of Credit Strategy at TD Securities, stated in a recent client report, "We believe this is just the beginning, and things will get worse before they get better."From a technical analysis perspective, the OAS has broken through a three-year downtrend line, which is a highly cautionary signal for investors in risk assets.

ChainCatcher news reports that, according to 4E monitoring, after the Federal Reserve's interest rate meeting, the upward trend of U.S. stocks could not be sustained. Economic uncertainty and Trump's tariff plans cast a shadow, leading to a volatile decline in major U.S. stock indices on Thursday. The S&P 500 fell by 0.2%, the Dow Jones dropped by 0.1%, and the Nasdaq decreased by 0.3%. Large tech stocks saw more declines than gains, with Tesla slightly up by 0.1%.The cryptocurrency market showed volatility but overall presented a mild upward trend. Last night, influenced by the U.S. stock market, coupled with Trump's reiteration of old themes in his speech at the DAS summit without any substantial positive news, Bitcoin experienced a rapid decline. As of the time of writing, it has rebounded to $84,650, down 1.33% in the last 24 hours. Most other mainstream tokens have seen some pullback. BNB's on-chain performance has recovered, continuing to be a focus for investors.In the forex and commodities sector, risk aversion dominated the market, with the U.S. dollar index rising by 0.40%, extending Wednesday's gains; investors are paying attention to the Trump administration's sanctions on Iran, with international oil prices closing up over 1.6%; spot gold slightly retreated after reaching a historical high, with a cumulative increase of nearly 16% this year.The market is digesting the Federal Reserve's decision, but investors are concerned that Trump may impose more tariffs in April, questioning whether the potential inflation caused by tariffs will limit the Fed's expected significant rate cuts, leading to a clear risk-averse sentiment in the U.S. stock market.

ChainCatcher news, according to Jinshi Data reports, Barclays economists stated in a report that Federal Reserve Chairman Powell's comments on the "transitory" nature of tariff-related price pressures, as well as his disregard for inflation expectations, could catch the Federal Reserve off guard, just like during the pandemic.Powell clearly stated on Wednesday that the committee assumes that tariff-related price pressures will be temporary, although it takes a "wait-and-see" attitude regarding whether these price pressures will play out in this way.Barclays stated, "His tone seems overly confident." The bank added that Powell is also less willing to consider taking preemptive rate cuts to provide a buffer for the economy in the event of a severe deterioration in economic activity. Weak data indicators such as consumer confidence suggest this.They added that downplaying such risks could undermine the Federal Reserve's credibility, as it seems to be walking a very narrow path, with each step carrying dual risks.

ChainCatcher news, according to Jinshi Data reports, although Indian officials are eager to appease the United States by reducing trade barriers, U.S. President Trump stated that India will be subject to reciprocal tariffs starting April 2.In an interview on Wednesday local time, Trump said that India is "one of the countries with the highest tariffs in the world." "I believe they may significantly reduce these tariffs, but on April 2, we will impose reciprocal tariffs on them."While Trump has repeatedly stated that India will not be exempt from tariffs on April 2, Indian officials are more optimistic. Indian Commerce Minister Goyal visited the U.S. earlier this month and stated that he had "forward-looking discussions" with Trump officials regarding a trade agreement, with both sides hoping to reach an agreement before this fall.

ChainCatcher news, Federal Reserve Chairman Powell mentioned the issue of "tariffs" for the first time at a press conference. When asked about the revision of inflation forecasts and how much tariffs impact those forecasts, he stated that it is difficult to analyze how much inflation is driven by tariff policies, but they will work to clarify: "It is clear that a significant portion comes from tariffs."In addition, Powell noted that the policies introduced by the new Trump administration will affect the economy, but he will cautiously avoid making overly definitive judgments about this impact. Analysts pointed out that this might be an attempt on his part, as he stated he would closely monitor monthly data to sidestep external expectations about how all of this will develop.

ChainCatcher news, Matthias Scheiber, head of Allspring's Global Multi-Asset Solutions team, stated that in light of growing concerns about tariffs and their potential impact on U.S. economic growth and inflation, the Federal Reserve has adopted a widely expected 'wait-and-see' approach to interest rates. We believe that the next possible window for the Fed to cut rates will be in May or later, and some market analysts now expect three rate cuts in 2025, instead of the two cuts anticipated a month ago.The interest rate market currently expects the Fed to lower rates to around 3.75% by the end of the year. This largely depends on how the balance between inflation and growth tilts, as the economy may continue to weaken, and the Fed may need to cut rates more aggressively than expected.

ChainCatcher news, according to Jinshi reports, recently, former World Bank President and former U.S. Deputy Secretary of State Robert Zoellick stated that tariffs not only increase corporate costs but also reduce productivity. Both China and the United States will be negatively affected by such policies.He emphasized that tariffs not only harm the healthy economic and trade relationship between China and the U.S., but the tariffs imposed by the U.S. on Canada and Mexico also severely impact the North American automotive industry. "Therefore, I believe these tariff policies are not the right decision," Zoellick stated.However, he also mentioned that tariffs are sometimes used as a negotiation tool. He pointed out that the U.S. may use tariffs as a means to pressure other countries. For example, the U.S. attempts to exert pressure on China regarding issues such as fentanyl through increased tariffs.

ChainCatcher news, according to Jinshi Data reports, Australian Treasurer Chalmers stated in a speech in Queensland that the Australian government will avoid engaging in "race to the bottom" on tariff issues, adding that the extensive use of tariffs by the Trump administration is "counterproductive and self-defeating."Chalmers noted that the rules that have supported global economic participation for over 40 years are clearly being rewritten. He added that the decision not to exempt Australia from U.S. tariffs on steel and aluminum is "disappointing, unnecessary, meaningless, and wrong."

ChainCatcher news, according to Jinshi, Lazard's Chief Market Strategist Temple said that due to inflation risks, Lazard still expects the Federal Reserve will not cut interest rates in 2025.He stated that Lazard's view significantly differs from the market consensus, which generally anticipates three rate cuts this year. Temple said, "My view is not in line with the consensus because I expect that by 2025, U.S. tariffs will expand in scope and scale, driving up inflation."He mentioned that a renewed acceleration of inflation may not necessarily lead to rate hikes, but rising price pressures could prevent the Federal Reserve from easing policy in the face of rising unemployment.

ChainCatcher news, according to the Financial Times, economists believe that the uncertainty surrounding Trump's tariffs complicates the efforts of the data-dependent Federal Reserve to provide clear information about the direction of the economy. As the Federal Reserve prepares to announce its latest interest rate decision on Wednesday, data released last week showed that inflation slowed more than expected in February, supporting the case for a return to rate cuts later this year amid signs of economic growth slowing.However, policymakers are also weighing concerns that the promised trade tariffs could exacerbate inflation or trigger an economic slowdown—or both. Joe Brusuelas, chief economist at tax and consulting firm RSM US, stated, "The commitment to future tariffs essentially sets aside the Fed's data-dependent goal, meaning they will have to rely more on a predictive framework." While it is widely expected that the Federal Reserve will keep interest rates unchanged this week, investors will closely monitor the economic forecasts from Fed officials, as well as the post-meeting statement from Fed Chair Powell. These forecasts reflect their views on the level of interest rates in the coming years.

ChainCatcher news, according to Jinshi Data, U.S. President Trump stated that he has no intention of exempting steel and aluminum tariffs, and announced that reciprocal tariffs and industry tariffs will be implemented on April 2.Trump told reporters on Air Force One that the reciprocal tariffs on U.S. trading partners will be implemented alongside the auto tariffs.

ChainCatcher news, according to CCTV News, U.S. Secretary of State Rubio stated in an interview on March 16 local time that the U.S. will engage in bilateral negotiations with various countries on new trade arrangements after imposing tariffs on its major trading partners. According to reports, Rubio did not disclose specific details, but he mentioned that the U.S. will reset its bottom line to ensure fair treatment.

ChainCatcher news, according to Jinshi reports, Avenue Capital Group co-founder and billionaire Marc Lasry stated that the uncertainty of Donald Trump's policies, especially regarding tariffs, is hindering investors who want to take advantage of market opportunities."When the market doesn't know what to do, that's a problem," the 65-year-old Lasry said on Friday at a credit opportunities seminar at New York University. "In such a situation, an economy cannot escape; it will only lead to everything slowing down, potentially pushing the economy into a recession."

ChainCatcher News, U.S. Secretary of Commerce Gina Raimondo stated in an interview with Fox Business that the U.S. may impose tariffs on cars from all countries next month, including South Korea, Japan, and Germany.

ChainCatcher news, according to Jinshi reports, due to Trump's tariff policy potentially ending the "American exceptionalism," investor optimism towards U.S. Treasuries has reached its highest level in at least three years.A survey conducted this week among 504 market participants shows that the expected risk-adjusted returns on U.S. Treasuries next month will be higher than those of U.S. stocks. 77% of respondents support bonds, the highest level recorded in survey data since 2022. Only 9% of respondents believe that the global market capitalization of U.S. stocks will return to historical highs, while about 40% expect it to fall to a new low not seen in over a year.The vast majority of respondents believe that tariffs (rather than Federal Reserve policy) will become the most critical factor influencing stock valuations. Nearly half of the respondents expect to reduce their positions in the S&P 500 next month, with less than 20% planning to increase their holdings. The market also lacks confidence in the response to the continued decline of the stock market; earlier this year, there were views that a stock market crash would force Trump to adjust his policies, but now, less than half of the respondents believe Trump will intervene to stabilize the market.

ChainCatcher news, Trump threatens to impose a 200% tariff on EU alcoholic products and firmly states that he will not "compromise" on tariffs against Canada, insisting on implementing the tariff plan on April 2, causing market turbulence. According to 4E monitoring, U.S. stocks collectively plummeted on Thursday, with the S&P 500 index closing down 1.39%, the Dow Jones down 1.30% marking four consecutive declines, and tech giants dragging the Nasdaq down 1.96%.After a brief recovery, the cryptocurrency market fell again last night due to the drag from U.S. stocks, with Bitcoin briefly dipping below the $80,000 mark. It only rebounded after the U.S. stock market closed, reaching $81,571 at the time of writing, a 24-hour decline of 2.6%. Altcoins crashed, on-chain activity was bleak, and amid the ongoing sluggish market, interest in contract trading has risen.In the forex commodities sector, February PPI growth was below expectations, pushing the dollar index up 0.2%; Russia agreed to a 30-day ceasefire, and a U.S.-Russia agreement may revive Russian oil and gas supplies, with U.S. crude oil closing down nearly 1.7%; driven by Trump's tariff threats and market risk aversion, spot gold surged nearly 1.8% to refresh its historical high, approaching $3,000.Wednesday's CPI and Thursday's PPI together indicate that inflationary pressures in the U.S. are easing, but the market generally believes this is insufficient to trigger a significant rebound. Trump's trade policies remain a key factor suppressing investor sentiment, casting doubt on the future interest rate path of the Federal Reserve, with the market still maintaining expectations for three rate cuts this year.

ChainCatcher news, according to Jinshi reports, U.S. Secretary of Commerce Ross stated that Canada's retaliatory tariffs have lost their threat. President Trump will elaborate on how to balance trade on April 2, and he will always respond with greater strength and more forceful measures.

ChainCatcher news, according to Jinshi reports, U.S. President Trump stated that if the EU's (spirits) tariffs are not lifted immediately, the U.S. will take retaliatory measures. These tariffs will include alcoholic products from France and other EU countries.

ChainCatcher news, according to Jinshi reports, a Canadian official stated that in response to U.S. President Trump's tariffs on steel and aluminum products, Canada will announce retaliatory tariffs of 29.8 billion Canadian dollars on the U.S. on Wednesday.