Trump Adviser: "As long as you don't sell your stocks, you won't lose money"

On April 10th, the Federal Reserve policymakers at the meeting last month almost unanimously held the view that the U.S. economy is facing risks of rising inflation and slowing growth happening simultaneously. Some policymakers noted that the Fed may be faced with a "difficult balance." The March 18-19 meeting took place after the initial tariff proposal by the Trump administration, which enhanced the uncertainty about the economic outlook and led the participants to lean towards a "cautious approach." If inflation persists, they may choose to maintain higher interest rates for a longer period. If the weak economy requires more direct attention, they may choose to cut interest rates. "Participants evaluated that the uncertainty regarding the economic outlook had increased. Almost all participants believed that the inflation risks were tilted to the upside, and the employment risks were tilted to the downside." (FX Street)

On April 10th, market data indicates that the Nasdaq 100 Index witnessed a surge of more than 10%, which marks the largest single-day increase since October 2008. (Golden Ten)

On April 10th, the minutes of the Federal Reserve meeting revealed that the majority of participants pointed out that inflationary pressures stemming from various factors could be more enduring than they had initially expected. All the meeting participants held the view that considering the considerable uncertainty regarding the economic outlook, it was appropriate to maintain the current interest rate. (IG)

On April 10th, Bitcoin saw a rebound and broke through $82,000. It is now trading at $82,106, with a 5.7% increase in the past hour.

On Wednesday, April 10th, President Trump of the United States stated that he would suspend the plan announced last week to increase tariffs on most countries significantly for 90 days. Subsequently, traders significantly reduced their wagers on a Fed rate cut commencing in May. Rate futures trading shows that traders now think that the possibility of a rate cut in the US starting in June is much higher than in May. They still believe that by the end of this year, the Fed will cut interest rates a total of four times. (FXStreet)

On April 10th, the White House of the United States announced that during the negotiations, the tariff level would be decreased to a uniform 10%. (Golden Ten)