Tonight, the Fed's rate cut changes

The GDP data released yesterday showed that PCE inflation in the first quarter was higher than expected, causing the market to postpone the Fed's first comprehensive rate cut to December.

The probability that the Fed will keep interest rates unchanged before the end of the year is close to 20%. A month ago, this probability was less than 1%.

After the release of tonight's data, the Fed's rate cut expectations will not be reversed.

It is expected that before the release of the US May CPI data on June 12, the market will even stir up speculation about rate hikes.

The market will still fluctuate and consolidate, and the last opportunity to increase positions will be in May!

###b$$