Against the background of the current loose monetary environment and a better economic recovery trend, coupled with the expectation of the Federal Reserve to raise interest rates gradually, it is expected that the pressure on the economy will be limited at the beginning of this round of interest rate hikes. Under the current factors such as accelerated tightening of the Federal Reserve's monetary policy, the expectation of raising interest rates, and inflation will continue to operate at a high level in the short term, bond interest rate is expected to rise rapidly in the near future or across the board. The stock market is facing adjustment by rising risk-free interest rates or suppressing the price of risky assets.