The Federal Reserve's latest meeting has resulted in a sharp decline in both the stock and Treasury markets, while the dollar has surged to its highest level since 2022. Although the market had anticipated this meeting, the hawkish tone exceeded expectations, underscored by four key points:
1、Significant Reduction in Rate Cut Projections
2、Notable Increase in 2024 PCE Inflation Forecasts
3、Clear Indication of Upside Risks to In...