Fed Chairman's threat of high interest rates again has indeed shocked traders in the financial circle! That's why we saw this major plunge. The entire Wall Street had a consensus last year that there would be a big rise in interest rates around June this year.

This is why I have been cautioning against excessive expectations of interest rate cuts this year 😅
On a macro level, the world is at war and the United States is losing its position as a global hegemon. In fact, the interest rate set by the Federal Reserve is the tool that the United States uses to harvest the world. So at the beginning of this year, when everyone was speculating on a sharp rise in interest rates, I poured cold water on you all. 😅
The Russo-Ukrainian war, the Middle East war, and especially China's rise, have made the Federal Reserve dare not lower interest rates. Haven't you seen that the yen has depreciated by 50%? 😅 This is the Federal Reserve harvesting Japan through interest rates. Those who understand macroeconomics know that it will be even more difficult to cut interest rates this year.
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