Key points
Event:
On April 6 (local time), the Federal Reserve released the minutes of the FOMC interest rate meeting in March 2022, giving more specific information and explanations on issues such as interest rate increase and table contraction. The minutes show that the Fed may start to shrink the table as early as may, and the pace of raising interest rates is consistent with the statement of the March meeting, and there is a possibility of raising interest rates by 50bp. After the release of the minutes of the interest rate meeting, the market sentiment was low. As of the closing on April 6, the yield of 10-year US bonds rose 5bp to 2.59%; The S & P 500 index fell 0.97%; The Dow Jones Industrial Average fell 0.42%; The NASDAQ fell 2.22%.
Core view:
According to the minutes of the Fed's interest rate meeting in March, the Fed may start to shrink the table as early as may, and many Fed officials tend to raise interest rates 50bp once or more. The minutes of the meeting showed that the Fed's intention to control inflation was clear, the tightening of monetary policy may be accelerated, and the market raised the number of interest rate increases of the fed again.
