The expectation of the Federal Reserve raising interest rates this month has been reignited

Huitong Network3month1Daily News - Wednesday(3month1day)The long positions in the US dollar have experienced1After a week of consolidation, a new offensive was launched. Although President Trump's speech in Congress still lacks specific details of his policy, investors have expressed new hope for the Federal Reserve to accelerate its monetary tightening process.

As of the deadline for publication, the US dollar index is approaching1month13Recent highs101.76The maximum daily increase reached0.6%； U.S.A10The yield of one-year treasury bond also rose significantly; Spot goodsgoldHigh level correction, daily line3Lianyin. The expectation of the Federal Reserve raising interest rates this month has been reignited.
Trump's speech lacks any New idea, has the market fallen into its preset trap?
Tokyo Securities StrategistRyuta Otsuka"A stone in investors' hearts has finally landed, and now all focus can be on the Federal Reserve, causing the yen to depreciate significantly."

According to the latest data, the Federal Reserve3The probability of monthly interest rate hikes has increased to60%Above. New York Fed Chairman Dudley stated that the urgency for the Fed to further tighten monetary policy has significantly increased. San Francisco Fed Chairman Williams stated that he expects to3At the policy meeting in the month, the Federal Reserve will seriously consider matters related to interest rate hikes.

In his speech, Trump called on Americans to abandon conflict, heal torn wounds, and weave a new social network of mutual trust. He hopes that the chaos that occurred between the governments during his early tenure can end as soon as possible, and strives for a clearer policy agenda. But whether it is an alternative to the Obama healthcare system, significant tax cuts for the middle class, large-scale infrastructure investment, or a significant increase in military spending, Trump's speech lacks new suggestions and even does not give any new hints.

The problem Trump is currently facing is whether he can quickly introduce relevant policy details to calm the anxiety of optimists. There are signs that investors' patience has been visibly shaken. In the trading days before his speech, investors seemed unwilling to take risks with their funds, and the price trends of many assets were stuck in a stalemate.
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