📌 According to CME FedWatch data, traders have abandoned rate cuts in April, with the probability of maintaining interest rates unchanged at 92.8%.

Besides the United States, central banks of several other major economies were preparing to gradually cut rates, but are now all turning hawkish——
📍 Bank of England, unanimously passed maintaining the benchmark rate unchanged, with the market pricing in two rate hikes of 25 basis points each within the year.
📍 Europe is more sensitive to energy price shocks, with the market betting on at least one rate hike within the year.
📍 Reserve Bank of Australia has already raised rates, with the market betting on another 65 basis points of hikes within the year.
📍 South Korea and India, with the market betting on 4 rate hikes each over the next two years.
A war has completely overturned global monetary policy, with the pricing of all assets swinging back and forth between two completely opposite scenarios of "stagflation" and "ceasefire."
In this environment, the most dangerous operation is betting on a one-sided direction;
Never engage in reckless operations out of self-conceit; keeping your hands in check is the best strategy!