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Krishna Bhimavarapu, Asia-Pacific economist at Daofu Investment Management, stated that central banks in various countries may be stepping into a synchronous tightening phase with the support of strengthened economic resilience and rising inflation. Bhimavarapu pointed out that the Bank of Japan seems prepared to raise interest rates to the psychological key level of 1.0% and added that the Bank of Japan may hint at a second rate hike later this year. However, the Reserve Bank of Australia seems to be pausing on rate hikes as both economic growth and labor market momentum have weakened. However, with inflation still unresolved, there may be room for at least one more rate hike later in the year. Additionally, Bhimavarapu expects the Federal Reserve to adopt a hawkish stance by the end of this week.