21:00-7:00 Keywords: Powell, interest rate cuts, U.S. stocks 1. JPMorgan Chase warns that the U.S. economy is in recession; 2. UNCTAD warns of escalating global trade tensions; 3. Powell: The Federal Reserve's obligation is to keep long-term inflation expectations stable; 4. Powell: The Federal Reserve maintains the expectation of cutting interest rates twice in 2025; 5. U.S. stocks experienced the bloodiest week in five years, with US$3 trillion in market value evaporated; 6. The U.S. SEC issued guidance on stablecoins, saying that "regulated stablecoins" are not securities; 7. Powell said there is no rush to cut interest rates. Analysts: The Federal Reserve cannot provide insurance for the economy.