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

Golden Ten Data reported on March 18 that John Tanner, Head of Fixed Income at Aptus Capital Advisors, stated that the Federal Reserve meeting will undoubtedly be overshadowed to some extent by the Middle East conflict and rising oil prices, but this meeting may 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 Federal Reserve officials relative to the median forecast, and any hints in Powell's press conference regarding whether there is an intention to ignore the price increases caused by commodity supply shocks. After the surge in oil prices, the market has already eliminated expectations for two rate cuts priced earlier this year, but if the conflict ends soon, these rate cut expectations will be quickly repriced.