According to Coinworld News, ME News reported that on March 19 (UTC+8), Brian Coulton from Fitch Ratings stated that if the oil price increase triggered by the Middle East conflict proves to be temporary, "a rate cut by the Federal Reserve in June is a realistic possibility." The Fed maintained rates unchanged today as expected, while indicating it needs more time to assess the war's impact on inflation. Officials' inflation forecasts were slightly raised. Coulton stated: "This likely partially reflects the recent spike in oil prices, while also reflecting a certain stickiness in the latest core PCE data." In his view, the Federal Reserve may remain on hold again in April. Without signs of persistent inflation stubbornness, a weakening labor market "will reignite concerns about the risk of rising unemployment," thereby driving a rate cut in June.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin