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12:17
Soaring shipping rates are not guaranteed profits; high freight costs may backfire on global trade demand
Golden Ten Data reported on March 4 that Ben Slupecki from Morningstar stated that the turmoil in the Middle East is impacting global supply chains, as approximately 10% of global maritime trade relies on the Suez Canal. He added that ships are rerouting around Africa, which on average adds 10 days of delay and increases costs. "Supply chains are becoming slower and more expensive, and as consumers begin to personally feel the economic pressure brought by the conflict, the situation faced by European leaders becomes even more severe." Although shipping companies typically hedge higher costs through emergency contract clauses, the real benefit comes from pricing power. When supply is limited, freight rates rise, and higher prices drive profit growth. However, Slupecki pointed out: "These high prices also suppress demand, which means it's not the 'big money-making' opportunity people imagine."
12:17
Market expects the probability of the Federal Reserve not cutting interest rates in March to rise to 97.4%
According to CME "FedWatch" data, the market expects the probability that the Federal Reserve will keep interest rates unchanged at the March policy meeting to rise to 97.4%, while the probability of a 25 basis point rate cut is 2.6%. The probability of no rate cut has reached a new high since concerns about inflation were triggered by the escalation of the Iran situation.
12:14
WLFI address deposited 146.4 million WLFI, worth approximately $15.38 million, to an exchange and Bitget.
Foresight News reported, according to Onchain Lens monitoring, the Trump family crypto project WLFI team deposited 146.4 million WLFI tokens, worth approximately $15.38 million, into a certain exchange and Bitget, and may deposit more.
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