Overview of Key Overnight Developments on April 5

21:00-7:00 Keywords: Powell, rate cut, US stocks

1. JPMorgan warns of a US economic recession;

2. UNCTAD warns of escalating global trade tensions;

3. Powell: The Fed's duty is to keep long-term inflation expectations stable;

4. Powell: The Fed maintains the expectation of two rate cuts by 2025;

5. US stocks experience the bloodiest week in five years, with $3 trillion in market value evaporated;

6. US SEC issues stablecoin guidance, stating "regulated stablecoins" are not securities;

7. Powell says no rush to cut rates, analysts: The Fed cannot insure the economy.