Yesterday's Fed meeting kept the original interest rates unchanged, while Powell's remarks leaned hawkish. Mainly due to the impact of war on energy and higher inflation expectations, the possibility of rate cuts has been ruled out. Previously, it was predicted there would be 2 rate cuts this year, but now it seems even 1 rate cut would be quite good. The dollar rebounded to 100 today. A stronger dollar is putting heavy pressure on risk assets—time to start shorting everything again.