Analyst: Fed Meeting Expected to be Overshadowed by Middle East Crisis

BlockBeats News, March 18, Aptus Capital Advisors Fixed Income Director John Tenna stated that the Fed meeting will undoubtedly be somewhat overshadowed by the Middle East conflict and rising oil prices, but this meeting may determine the market's next move.

Although a rate cut is no longer on the table, the market will focus on the dot plot, divergence among Fed officials from the median forecast, and any wording hints in Powell's press conference regarding whether they intend to overlook any price increase due to commodity supply shocks. After the surge in oil prices, the market has already priced out the two rate cuts expected earlier this year, but if the conflict ends quickly, these rate cut expectations will be swiftly repriced. (FXStreet)