Analysis: Fed rate cut landing point remains a "black box," energy shocks may consume easing space

Odaily News Recently, inflation and employment data have shown moderation, and the Fed lacks urgency to cut rates. Analysis suggests the landing point for Fed rate cuts remains a "black box." Simultaneously, the US-Iran war is pushing up energy prices, increasing the risk of short-term inflation rebound, heightening uncertainty about the future inflation path, and further complicating the Fed's decision-making. Keeping rates unchanged is a foregone conclusion, with market focus shifting to the scope and timing of potential rate cuts. However, energy disruptions introduce new variables to the economic outlook, and internal Fed divisions may impact the easing path within the year. (Jin10)