Fed's Hawkish Pause Maintains Market Pressure

Global markets are still grappling with the impact of last week's central bank decisions, with U.S. bond yields surging and the dollar reaching a six-month high following the Federal Reserve's hawkish tone. While the Fed indicated that rates would remain higher for longer, central banks in Britain, Switzerland, and Japan surprised with a dovish stance. The euro and pound are both experiencing significant declines this month. Investors will closely watch upcoming speeches by U.S. central bank officials and key inflation data, as well as ECB President Christine Lagarde's remarks. Germany's struggling economy and China Evergrande's ongoing troubles also draw attention. On a positive note, a tentative labor agreement between Hollywood writers and major studios has been reached.