In the medium to long term, we are still in the honeymoon period of tariff policy, and the game of monetary policy continues. The market will focus on the Fed's dot plot in June and whether the tariff policy will be paused or intensified in July. It is also crucial whether Trump can come to an agreement with Fed Chairman Powell. If he wants Powell to cut interest rates, he must either directly crash the economy or compromise on tariffs.

Currently, the 10-year U.S. Treasury yield has also exceeded 4.5%, and Trump is probably getting anxious. To make matters worse, Moody's suddenly downgraded the U.S. credit rating, delivering a blow to Trump. The day before yesterday, Treasury Secretary Mnuchin confidently stated that GDP growth could outpace debt growth and that tariffs could fill the treasury, but the market seems unconvinced. The current market is like dancing on stilts, worried about a rating collapse while pretending to dance steadily as if nothing is wrong.

Next, we will see what new tricks Trump can come up with?!#GENIUS稳定币法案 #我的EOS交易 #美国加征关税