Federal Reserve Expected to Maintain Interest Rates Until December

According to PANews, Allianz Research analysts anticipate that the Federal Reserve will likely keep its policy interest rates steady at 4.25%-4.50% until December, delaying any rate cuts initially expected in October. This adjustment is based on the revised forecast that U.S. inflation will peak at the beginning of the fourth quarter, rather than the third. Analysts suggest that the Federal Reserve is unlikely to ease monetary policy during the inflation peak. This expectation aligns with the current pricing in the money markets, indicating that the interest rates will remain unchanged at next week's FOMC meeting.