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 reported that QCP Capital released a market analysis today, pointing out that the escalation of global trade tensions has put pressure on market sentiment, and a new round of tariffs may be implemented on April 2. The 25% steel and aluminum tariffs that took effect today have triggered retaliation from the EU, which plans to implement 260 billion euros (220 billion pounds) in tariffs starting in April. Market volatility has increased: the VIX index surged to 28 and then fell back to 26.6, and the Cboe VIX futures curve has entered a state of inversion, suggesting that the market may be approaching the bottom. Tonight's CPI data may determine the market's interest rate expectations, with the current market expecting the Fed to cut rates 4 times in 2024, up from 1 time previously. However, the unexpected rise in January's CPI has made the market doubtful about the easing of inflation, and investors remain cautious. In the crypto market, the SEC has postponed the approval of XRP, SOL, LTC, ADA, and DOGE ETFs to May, and will hold a crypto regulatory roundtable on March 21 to discuss the classification and regulatory framework of crypto assets. Bitcoin ETFs have seen a net outflow of $154 million, with GBTC selling 641 BTC (worth $56.45 million) in a single day, indicating that the cautious sentiment of institutional investors is rising. The market will closely monitor whether the CPI data confirms the trend of easing inflation, and the progress of ETF approvals and the results of the regulatory meeting may also affect the short-term trend of the crypto market.