Institutions: The Federal Reserve is unlikely to tighten policy further in the short term, and even if it does, it may not do so until after 2027.

CoinFeed reported on May 17th that, according to Jinshi, TsLombard stated that in the face of the oil price shock, the extent of global central bank policy tightening is likely to be quite limited, and an aggressive tightening cycle is unlikely. In the US, the Federal Reserve is unlikely to implement policy tightening in the short term, and even if it does, it will almost certainly not be until 2027. In Europe, the energy shock is already dragging down economic activity. The UK labor market has been unstable for some time, and hiring sentiment in Europe has become increasingly weak. The possibility that the European Central Bank and the Bank of England will tighten less this year than the market expects is currently being underestimated.