[CICC: This Federal Reserve meeting sent a signal that interest rates may stay at high levels for longer] This Federal Reserve meeting sent a signal that interest rates may stay at high levels for longer. This meeting raised the interest rate endpoint in 2024 from 4.6% (implying 4 interest rate cuts) to 5.1% (implying 2 interest rate cuts), which is in line with the CME interest rate futures expectation before the meeting that it would start around June to July 2024. ~The 4th rate cut is more hawkish. Correspondingly, the Federal Reserve has significantly raised its economic data forecast for this year and next (GDP has been raised from 1.0% and 1.1% to 2.1% and 1.5%). The PCE inflation forecast has remained basically unchanged. The market is concerned about the long-term interest rate R* Also remains unchanged. This change is also the main cause of market volatility.

Russian Ministry of Defense: Russian air defense forces destroyed 19 drones in Crimea and the Black Sea, and 3 drones in other areas.

The Thai prime minister seeks to increase GDP growth to an average of 5% during his term, and Thailand seeks more U.S. investment, with ties expected to deepen this year.

Source: Ukrainian President Zelensky ends meeting with business leaders in New York.

South Korean Finance Minister Choo Kyung-ho said that currency liquidity conditions will be closely monitored.

Japanese Prime Minister Fumio Kishida: Economic measures will include social measures to help cope with population decline.

U.S. House Speaker McCarthy: It is expected that after the defense appropriation bill, House Republican members will begin to advance other appropriation bills.

U.S. House Speaker McCarthy: House Republicans are "very close" to reaching agreement on a short-term spending bill.

U.S. House Speaker McCarthy: The House will vote on defense funding rules on Thursday, with the support of two of the five Republicans who opposed the measure on Tuesday.

Japanese Prime Minister Fumio Kishida: Japan’s economic situation remains unstable.

Asked about criticism that production cuts would be beneficial to Russia, the Saudi crown prince said the production cuts were entirely based on market supply and demand.

According to Fox News: Saudi Crown Prince Mohammed bin Salman said he is willing to work with whoever leads Israel if there is a breakthrough in normalization talks with Israel.

Brazilian Foreign Minister Vieira: If possible, Brazilian President Lula can meet with Russian President Putin.

US President Biden: There will be announcements on combating climate change in the next few days.

The Brazilian Central Bank has raised its CPI growth forecast for the next three years: CPI growth is expected to be 5% in 2023, compared with the previous estimate of 4.9%; 3.5% in 2024, compared with the previous estimate of 3.4%; and 3.1% in 2025, compared with the previous estimate of 3% .

The Central Bank of Brazil: It is expected that inflation will decline slowly, part of the CPI will be re-anchored, and tightening policies will continue to be implemented.

Brazilian Central Bank: The current rate of interest rate cuts is appropriate and the rate of rate cuts depends on the data.