Global markets face continued impact from the West Asia conflict. Uncertainty is expected to drive risk aversion. The Federal Open Market Committee (FOMC) acknowledged this in its recent meeting. While GDP growth projections were raised, inflation forecasts were revised upwards. Rate cuts are still anticipated, but higher energy prices pose a risk of delay.

Global markets face continued impact from the West Asia conflict. Uncertainty is expected to drive risk aversion. The Federal Open Market Committee (FOMC) acknowledged this in its recent meeting. While GDP growth projections were raised, inflation forecasts were revised upwards. Rate cuts are still anticipated, but higher energy prices pose a risk of delay.