Macro Daily: the hawks of the Federal Reserve voiced that global risky assets fell in the short term

1. Important macro news and events:

St. Louis Fed chairman Brad said that to suppress inflation, the central bank may need to adjust the benchmark interest rate to the neutral target interest rate, that is, above 2%. In addition, it reiterated its previous view that the Fed should raise interest rates by 100 basis points before July 1 and start shrinking its balance sheet in the second quarter.

Previously, foreign media reported that most of the contents of the agreement have been finalized, and the first stage does not include the exemption of oil sanctions. Iran's Foreign Ministry spokesman khatibzad responded that it is dangerous to disguise the wrong information reported by the media. The final agreement for the United States to return to the comprehensive agreement on the Iranian nuclear issue will be very different from the information with unknown sources and distorted facts, and the agreement will not be bilateral.

Eastern Ukrainian armed forces said that Ukrainian government forces violated the ceasefire agreement and opened fire on Lugansk region controlled by Eastern Ukrainian armed forces. The Ukrainian military denied the accusation, saying that Eastern Ukrainian armed forces shelled Ukrainian government forces and said a kindergarten was hit, injuring two civilians.

When the national development and Reform Commission issued a document to interpret the implementation guide for the transformation and upgrading of energy conservation and carbon reduction in key areas, it said that it would resolutely eliminate backward and inefficient production capacity and promote the overall improvement of the industry. We should strictly implement relevant laws and regulations on energy conservation, environmental protection, quality, safety technology and policies such as the Guiding Catalogue for industrial structure adjustment, and accelerate the elimination and exit of coal chemical production capacity whose energy efficiency level is below the benchmark value and cannot reach above the benchmark value through energy-saving transformation.

The national development and Reform Commission and the State Administration of market supervision pay close attention to the changes in iron ore prices and will take further effective measures with relevant departments to effectively maintain the normal order of the market and ensure the stable operation of iron ore prices; We will strengthen market supervision and resolutely and severely punish illegal acts such as fabricating and disseminating price increase information, hoarding and hoarding, and bid up prices.

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