The Federal Reserve is expected to keep interest rates unchanged, with rising energy prices seen as a temporary phenomenon.

ChainCatcher news, according to Golden Ten Data, Matthias Scheiber, Senior Portfolio Manager at Allspring Global Investments, stated that the Federal Reserve is very likely to keep interest rates unchanged next week. He believes there is a high possibility that the Federal Reserve will not cut rates at all, but if energy prices continue to rise, it is expected to have a negative ripple effect on consumer and business confidence. Scheiber also mentioned that before the Middle East conflict, the US economy was expected to achieve approximately 2.5% real GDP growth.