The swap price linked to the policy interest rate of the Federal Reserve shows that it is more likely to raise the interest rate by 50 basis points in March

It is reported that the market was affected by the speech of Federal Reserve Chairman Powell, and the decline of the three major US stock indexes deepened, with the Dow index down 0.5%, and the Nasdaq and S&P 500 index down 0.6%. The decline of the three major US stock indexes deepened, with the Dow down 0.5% and the Nasdaq and S&P 500 down 0.6%. The dollar index DXY rose 70 points in the short term, breaking through 105, and rose 0.79% in the day.

Interpretation of this information:

The recent speech by Federal Reserve Chairman Powell has reportedly impacted the market, leading to a decline in the three major US stock indexes. This includes the Dow index, which is down by 0.5%, as well as the Nasdaq and S&P 500 indexes, which are both down by 0.6%.

As a result, the market has experienced a significant drop, which deepened as the day progressed. At the same time, the dollar index DXY rose a total of 70 points within a short period, reaching over 105 points. This led to a 0.79% increase in the value of the dollar over the course of the day.

Overall, the impact of Powell’s speech has been significant on the market, leading to negative effects on the three major US stock indexes. The rise in the value of the dollar has also brought attention to the potential implications of this event on the economy.