There has been a strong market reaction globally and in commodities following the recent announcement by Jerome Powell regarding a delay in rate cuts by the Federal Reserve. Global market indices have shown improvement compared to the previous week, with some fluctuations. The US bond yield has been consistently high, indicating confidence in the bond market. Jerome Powell emphasized the need for inflation confidence before any rate cuts, contrary to earlier expectations of three rate cuts this year, raising doubts in the market. The Federal Reserve's decision to stop cutting interest rates last year led to record highs in the US stock market, but recent strong market data have shattered hopes of imminent rate cuts. Currently, experts predict rate cuts may begin towards the end of the calendar year 2024 due to positive employment data and other market indicators. The crypto market is also expected to see capital influx after equities and bonds following potential rate cuts. Jerome Powell's stance on inflation confidence before rate cuts has stirred reactions in the global and commodity markets, with gold and base metals trading at higher levels. Invest at your own risk.