The Federal Reserve maintained its interest rates yesterday at the meeting, while Powell's remarks leaned hawkish. The war's impact on energy and elevated inflation expectations have ruled out the possibility of rate cuts. Previous forecasts predicted 2 rate cuts this year, but now it seems we'd be lucky to see even 1 rate cut.



The dollar rebounded to 100 today. A stronger dollar is pressuring risk assets, and it's time to start shorting everything again.
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