$TSLAB As is known, the FED did not change interest rates at its first Federal Open Market Committee (FOMC) meeting under the chairmanship of Kevin Warsh last night. The FED unanimously kept the policy interest rate stable at 3.50-3.75 percent, in line with expectations.

Increased inflation concerns stemming from the US-Iran conflict have reduced the likelihood of a Fed interest rate cut to almost zero, while also raising the possibility of an interest rate increase.

However, some leading institutions are still expecting interest rate cuts. In this regard, Wall Street giant Citi predicts that the Fed will cut interest rates sometime this year.

At this point, Citi has postponed its forecast for the Fed’s first interest rate cut to October.