Institution: The upcoming Federal Reserve meeting is expected to emphasize inflation and employment risks.

Golden Ten Data reported on March 18 that Daniel Raffoni, Head of Fixed Income at Mediolanum International Fund Management, stated that even before the escalation of tensions in the Gulf, the market had already anticipated that the Federal Reserve would keep interest rates unchanged at this week's meeting, and now this has become a certainty. Recent economic data shows that inflation continues to slow and the labor market is deteriorating. The institution originally expected that the decision to stand pat would lean towards a dovish stance. However, the situation has changed. It is expected that the Federal Reserve will convey a cautious and observant attitude. The policy statement is likely to mention the risks of war and add two-way wording regarding the future path of interest rates, emphasizing both the upside risks to inflation and the downside risks to the labor market.