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

Apart from the United States, central banks of several other major economies were prepared to gradually cut rates, but now they are all turning hawkish——
📍 Bank of England unanimously voted to maintain the benchmark rate unchanged, with markets pricing in two rate hikes of 25 basis points each within the year.
📍 Europe is more sensitive to energy price shocks, with markets betting on at least one rate hike within the year.
📍 Reserve Bank of Australia has already raised rates, with markets betting on another 65 basis points within the year.
📍 South Korea and India, with markets betting on four rate hikes each over the next two years.
A war has flipped global monetary policy completely, 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 moves thinking you're clever; keeping your hands steady is the best strategy!