The expectation of interest rate hikes has reversed again. Liquidity tightening is not good news for risk assets; positions need to be tightened further.

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BlockBeatNews
The trader has fully anticipated that the Federal Reserve will raise interest rates by 25 basis points by the end of 2026.
BlockBeats News, May 22 — Market pricing indicates that traders have fully anticipated a 25 basis point interest rate hike by the Federal Reserve by the end of 2026. On the news front, Federal Reserve Board member Waller stated that the Fed should no longer signal rate cuts and should hold steady in the short term. (Jin10)
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