The Federal Reserve will announce its latest interest rate resolution and quarterly interest rate forecast on March 22. According to the Fed Watch Tool of CME Group (#CME ), the market now believes that the possibility of a 25 basis point interest rate hike in March is 75.3%, and the probability of a 50 basis point interest rate hike. The probability is 24.7%.

Although the mainstream expectation is still to raise interest rates by 25 basis points, a series of hot inflation data recently have intensified the pressure to raise interest rates. This time the Federal Reserve may consider taking bolder actions to deal with the risk of persistently high inflation.

The market trend during the day is still weak, and there is a high probability that it will continue until late at night when Lao Bao makes a speech. During this period, just maintain the high altitude and low long position.

Suggestions for evening operations

Ethereum rebounds to 1580 to go short, and pulls back to around 1540 to go long #crypto2023 #Binance #Web3 #Web3