Analyst: Fed Meeting to Be Impacted by Middle East Crisis

Mars Finance reports that according to Jintou, Aptus Capital Advisors Fixed Income Chief John Thainer stated that the Federal Reserve meeting will undoubtedly be influenced to some extent by the Middle East conflict and rising oil prices. This meeting could determine the next direction of the market, with attention on the dot plot, divergences among Fed officials, and any language in Powell’s press conference hinting at supply shocks in commodities. After the surge in oil prices, the market has canceled earlier expectations of rate cuts this year, but if the conflict ends quickly, these expectations will be rapidly re-priced.