Analyst: The Federal Reserve meeting will be affected by the Middle East crisis

According to Jinshi News, John Taylor, head of fixed income at Aptus Capital Advisors, stated that the Federal Reserve meeting will undoubtedly be influenced to some extent by the Middle East conflict and rising oil prices. This meeting may determine the next direction of the market, with attention on the dot plot and the divergences among Federal Reserve officials, as well as any wording hints regarding commodity supply shocks in Powell's press conference. After the surge in oil prices, the market has canceled the rate cut expectations from earlier this year, but if the conflict ends quickly, these expectations will be rapidly repriced.