Weekly

Federal Reserve confirms course for rate cut this year. Last week was super interest rate week, and financial markets were on a roll. The global stock market continues to hit a high, and the virtual currency and gold market also saw fierce fluctuations. At the beginning of this week, the Bank of Japan finally announced the end of the 17-year negative interest rate era after the interest rate hike, raising interest rates to 0.1%, but the yen fell instead of rising, and the market paid more attention to the European and American markets will begin to reduce interest rates, so the global financial market is still very confident in the future market, and the stock market has risen steadily. The Fed's midweek meeting was the middle of the whole week, and the result remained unchanged as expected, but the dot plot and Chairman Powell's post-meeting conference both saw doves, and the process of reducing interest rates three times in 2024 was confirmed, which swept away the market's earlier concern that the Fed may reduce interest rates only twice in response to the recovery of inflation, or even raise interest rates again. And the three rate cuts almost mean that the first rate cut will be in June, in the interest rate reduction period is approaching, gold prices rose, after the interest rate of the Asian market as high as 2222, a record high, after the meeting rose 60 dollars. And then began to reverse, on Friday more full Wednesday night gains back, as low as $2157, the market is very volatile. Looking ahead to this week, there are a number of data releases, including the weekend's PCE inflation data, but the Easter long weekend, after the midweek trading will become quieter, you may wish to refer to each other.