Institutions: The Federal Reserve is unlikely to raise interest rates because it could harm the economy.

In a report, SEI analyst Jim Smigel stated that given the Federal Reserve's dual mandate of supporting full employment and price stability, a direct interest rate hike is unlikely, as it would have potential negative impacts on the economy and even the labor market. Other global central banks (such as the European Central Bank) are not formally assigned a dual mandate, and therefore are more likely to focus heavily on price stability, making rate hikes more probable in these regions. However, global central banks are expected to follow the Fed's lead to some extent, as a significant deviation from the Fed's interest rate path could destabilize foreign exchange rates and capital markets in other regions. (Jinshi)