*In the monthly report published today by the International Energy Agency (IE), OPEC+ countries can reduce their oil supply by 400 thousand barrels per day until the end of the year, and Russia’s daily oil exports increased by 600 thousand barrels in March, the largest increase in the last 3 years, and the increasing oil stocks have made it to the OPEC+ decision. High prices harm consumers and threaten economic growth, and oil demand will rise by 2 million barrels per day this year to 101.9 million barrels.

*Atlanta Fed Chairman Bostic said in a statement today that the FED may take a break after a rate hike, the FED will need to consider the economy, the inflation path and the pause in interest rate hikes to avoid unnecessary economic damage, and the rate hikes have only just started to take effect and the full effect will take time. .

*Retail Sales in the US, announced today and followed closely by the FED in the interest rate hike process, fell below the expectations and decreased by 1.0% on a monthly basis and increased by 2.94% on an annual basis. The data was expected to come in at -0.4% and 5.9%, respectively. After the data, FED FOMC Member Waller said in his speech that the latest inflation data did not progress very far to the 2% target, interest rates should increase further and some data for March point to a slowdown in economic activity.