Interpretation of cryptocurrency market on March 22, 2023

Tonight will be the night that can rank in the top few in terms of importance since the opening of the rate hike. A rate hike of 0.25% is already a high probability, will there be a small probability event that the rate hike will be stopped directly? Will the Federal Reserve release the message of turning? These will be the key for the market to price the aftermarket. Can be more important than tonight is also to stop the rate hike and open the rate cut of those two meetings.

As things stand now, the 0.25% rate hike will not significantly impact. The key is the subsequent press conference. Nick, a reporter for the Wall Street Journal, known as the new Federal Reserve News Agency, reposted an article from CEPR this morning. The article explains the impact of Powell's usual expectations management techniques on the market. The overall assessment is on the opposing side. So how to round up tonight becomes a dilemma. After all, the Fed was even a month ago putting out harsh words for the market to expect interest rates to be 5.75%. Now if only 4.75% does not increase, the scene could be more comfortable. The banking crisis is minor. But said too harshly equal to the depositors to lead a run on the bank. In case of further serious about saving can be more.

So a 0.25% interest rate increases the appropriate launch to ease the mood or the optimal solution. Powell became the worst session of Fed chairman in the last 20 years should be challenging to reverse.

In terms of operations, continue to remain optimistic. Just wait for the last wave of profits to cash in on the rise. The Fed does not have the bottom line to continue to hawk on. Stop rate hikes and open rate cuts are destined to happen this year. And that's what's going to happen in the next few months. In the second and third quarters will be delivered one after another. Lower interest rates can start at the end of the year.