QCP Capital: Market expectations for the Fed's rate cuts are rising. At the beginning of the year, only one rate cut was expected, but now it has been raised to four

Odaily News QCP Capital released a market analysis today, pointing out that global trade tensions have escalated, market sentiment is under pressure, and a new round of tariffs may be implemented on April 2. The 25% steel and aluminum tariffs that came into effect today have triggered countermeasures from the European Union, which plans to implement 26 billion euros (22 billion pounds) in tariffs from April.
Increased market volatility:
The VIX index surged to 28 before falling back to 26.6, and the Cboe VIX futures curve entered an inverted state, suggesting that the market may be close to the bottom.
Tonight's CPI data may determine market interest rate expectations. The market currently expects the Federal Reserve to increase the number of interest rate cuts from 1 to 4 in 2024, but the unexpected rise in CPI in January has caused the market to ease its doubts about inflation, and investors remain cautious.
Crypto Market Dynamics:
The SEC has postponed the approval of XRP, SOL, LTC, ADA, and DOGE ETFs until May, and will hold a crypto regulatory roundtable on March 21 to discuss the classification of crypto assets and the regulatory framework.
Bitcoin ETFs saw a net outflow of $154 million, of which GBTC sold 641 BTC (worth $56.45 million) in a single day, indicating that institutional investors' cautious sentiment is heating up.
The market will pay close attention to whether the CPI data confirms the trend of slowing inflation. At the same time, the progress of ETF approval and the results of regulatory meetings may also affect the short-term trend of the crypto market.