Analyst: The Federal Reserve meeting is expected to be overshadowed by the impact of the Middle East crisis

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Odaily Planet Daily reports that Aptus Capital Advisors Fixed Income Chief John Thainer stated that the Federal Reserve meeting will undoubtedly be somewhat overshadowed by the Middle East conflict and rising oil prices, but this meeting could determine the next direction of the market. Although rate cuts are no longer under consideration, the market will focus on the dot plot, the divergence among Fed officials relative to the median forecast, and any language in Powell’s press conference suggesting whether they intend to ignore price increases caused by commodity supply shocks. After the surge in oil prices, the market has already canceled the rate cut expectations priced earlier this year, but if the conflict ends quickly, these rate cut expectations will be rapidly re-priced. (Jin10)

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