Analyst: The Federal Reserve is expected to stand pat and strengthen its data-dependent policy

Analyst: Fed Expected to Stand Pat, Strengthen Data-Dependent Policy Generali Investments analyst Paul Sangieri said that despite significant uncertainty surrounding the US economic outlook, the Fed is expected to keep the Intrerest Rate unchanged this week. The seasoned economist stated, 'The extreme uncertainty triggered by the initial actions of the new US government brings downside risks to employment and upside risks to inflation.' He noted that the US economy continues to exhibit robust domestic demand and sustained inflation, which should reinforce the Fed's data-driven approach. 'We believe this will allow the Fed to continue its pause in rate cuts at the upcoming Wednesday meeting, implying two rate cuts this year.' ( Xinhua )