The Federal Reserve is expected to keep interest rates unchanged, and the rise in energy prices is seen as a temporary phenomenon

According to Jinshi News, Allspring Global Investments Senior Portfolio Manager Matthias Scheiber stated that the Federal Reserve is likely to keep interest rates unchanged next week. He believes that there is a high probability that the Federal Reserve will not cut rates at all, but if energy prices continue to rise, it is expected to have a negative ripple effect on consumer and business confidence. Scheiber also mentioned that prior to the Middle East conflict, the U.S. economy was expected to achieve an approximate 2.5% real GDP growth.