Despite this, the market expects that this round of US dollar interest rate hike is actually approaching the end. The market expects that this round of US dollar interest rate hike target is around 3%, and there may be about two interest rate hikes afterwards, one is 50BP and one

Last night Federal announced that the US dollar rate hike this month 75BP, and the current US dollar interest rate level has increased to 2.0%-2.25%, two consecutive extraordinary operations. Despite this, the market expects that this round of US dollar interest rate hike is actually coming to an end. The market expects that this round of US dollar interest rate hike target is around 3%, and there may be about two interest rate hikes afterwards, one 50BP and one 25BP.

There have been six interest rate hikes in the history of the Federal Reserve in total interest rate hike cycle:

, March 1983-August 1984 The US dollar benchmark interest rate hikes from 8.5%-11.5%

interest rate hike background: during the Reagan government period, in order to deal with high inflation , 13.5%!

Rate hike cycle: took 18 months, and the interest rate was raised by 3% (300 basis points), with an average monthly US dollar interest rate rising by 16 basis points (this data can judge the current speed or progress of US dollar interest rate hike).

, March 1988-May 1989 The benchmark US dollar interest rate ranged from 6.5%-9.8125%

Rate hike background: prevent inflation after the stock market crash! 1987, the U.S. Dow Jones Index plummeted 22.6% on the same day, the largest drop since 1941. The main reason for the stock market crash in US stocks in 1987 was the large trade deficit and . The government then began to implement interest rate cuts and to save the market. After that, inflation rose again. The Federal Reserve started a new round of interest rate hike cycle since March 1988.

Rate hike cycle: took 15 months, and the interest rate was raised by 3.3125% (331.25 basis points), with an average of 22 basis points rising per month.

, February 1994-February 1995 The benchmark US dollar interest rate ranged from 3.25%-6%

Rate hike background: prevent inflation! After 990, the US economy experienced a certain recession. The Federal Reserve first gradually lowered the interest rate from 8% to 3%. After more than three years of monetary easing stimulus, the US economy began to recover by the end of 1993. Therefore, the Federal Reserve's concerns about inflation reappeared the following year, and a new round of interest rate hike cycle began in February 1994.

Rate hike time: took 1 year, and the interest rate was raised by 2.75% (275 basis points), and the average monthly US dollar interest rate rose by 23 basis points.

, June 1999-May 2000 The benchmark US dollar interest rate ranged from 4.75%-6.5%

Background of interest rate hike: In the late 1990s, the Internet bubble of the United States broke down, and then the Asian financial crisis was the Asian financial crisis. The Federal Reserve first adopted a cycle of interest rate cuts to stimulate the economy, and started a new round of interest rate hikes after the US economy gradually stabilized in June 1999. Prevent inflation!

Rate hike cycle: took 1 year, and the interest rate was raised by 1.75% (175 basis points), and the average monthly interest rate rose by 15 basis points. This rate hike is relatively mild.

, April 2004-July 2006 The benchmark US dollar interest rate ranged from 1%-5.25%

Rate hike background: Before 2004, the monetary easing policy adopted by the Federal Reserve, and the real estate bubble became increasingly serious, resulting in intensification of inflation. Therefore, the Federal Reserve started a new round of interest rate hike cycle since April 2004. cope with the real estate bubble and curb inflation!

Rate hike cycle: took 28 months, and the interest rate was raised by 4.25% (425 basis points), and the average monthly interest rate rose by 15 basis points.

, December 2015-June 2018 The US dollar interest rate went from 0.25%-2.25%

Rate hike background: After the outbreak of the financial crisis in 2008, the Federal Reserve has been adopting the monetary policy of loose interest rate cuts until the end of 2014, when the US economy stabilized, the US dollar's balance sheet soared from 800 billion to 4.5 trillion US dollars, so the Federal Reserve began a new wave of interest rate hikes and balance sheet shrank monetary policy. Suppress inflation!

Rate hike cycle: took 30 months, and the interest rate was raised by 2% (200 basis points), and the average monthly interest rate rose by 7 basis points, and the interest rate hike was relatively mild.

Overall, the stronger the US dollar interest rate hike, the shorter the time window will be. For example, from December 2015 to June 2018, the US dollar interest rate increased by 2% (200 BP), which took 30 months. However, this round of US dollar interest rates has increased by 2.25% (225 basis points), and a 25 basis points rate hike was announced starting on March 17, opening a 22-year interest rate hike cycle. As of last night, it only took four months to raise the US dollar interest rate level by 2.25%. It is obvious that this wave of US dollar interest rate hikes is unprecedented, but it is destined that the interest rate hike period will be very short. Combined with the interest rate level, if the target is around 3%, if the interest rate hike is raised once or twice in the future, it may reach the upper limit of the interest rate hike target. After the

USD interest rate hike was implemented, the USD index remained at 106 USD, and there were no significant ups and downs.

After the US dollar interest rate hike was implemented, US stocks stopped falling and rebounded, and US stocks closed up overnight. Dow Jones Index rose 1.37% to 32197 points; Nasdaq Index rose 4.06% to 12032 points; S&P 500 Index rose 2.62% to 4023 points. However, it is a friendly reminder that according to the previous experience, the US dollar rate hike time window period will not fall on Wednesday and fall on Thursday.

overnight US 10-year Treasury bond yield plummeted, reaching 2.767%

offshore RMB exchange rate was 6.7411, not affected by the US dollar interest rate hike, and the fluctuations were stable.

Shanghai gold is 380 yuan/gram, and the international gold price is 1,735 USD/ounce. Gold prices rebounded rapidly.

silver quotation is 4.295 yuan/gram, up 3%

Shanghai copper futures main quotation is 59,420 yuan/ton, up 2%

coke futures main quotation is 2,754 yuan/ton, up 4%

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Coking coal futures main quotation was 2,053 yuan/ton, up 4%

US stocks rose sharply on Wednesday evening, and the Nasdaq index even increased by by more than 4%, US bond yield fell, US dollar interest rate hike has been implemented, the current US dollar interest rate level is 2.25%, and the space for the US dollar to raise interest rates again in the future market is limited. There has been super heavy interest rate hikes for two consecutive months. The intensity of US dollar interest rate hikes will gradually weaken in the next few months to stop hikes.

One boot has landed, and the other boot may have to wait until the weekend news. Today is Thursday, nothing unexpected happens. Next week, , the market will continue to fluctuate and climb. The target above will first see the gap position.

I wish you good health, a happy life, and a long and prosperous investment!