# Global Market Pullback Review & Next Week Strategy
## I. Core Reasons
Three-fold resonance strangling risk assets: Fed's super hawkish decision, oil price pushing inflation, and USD surge.
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## II. Key Trigger: March 19 Rate Decision
| Signal | Impact |
|--------|--------|
| Rate cut expectations zeroed out | Full year only 1 cut → 7 officials see "zero cuts" |
| Powell goes hawkish | Not ruling out further rate hikes, high rates "higher for longer" |
| Data deterioration | PPI hits one-year high, oil prices + geopolitics add fuel to fire |
| USD siphoning effect | Capital reflows to US Tr
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