Ryan Detrick, Chief Market Strategist at Carson Group in Omaha, USA, stated that the Federal Reserve’s decision to maintain interest rates was in line with market expectations, but the real question to watch now is: how much pressure will the Fed face to raise rates at the September meeting? He pointed out that US inflation remains elevated and, with international oil prices surging, most of the market expects the Fed’s next rate hike will likely come in September. However, Detrick also reminde

Carson Group Chief Market Strategist Ryan Detrick in Omaha, USA, stated that the Federal Reserve's decision to keep rates unchanged was in line with market expectations, but the real question to watch is: how much pressure will the Federal Reserve face to raise interest rates at the September meeting? He pointed out that U.S. inflation remains elevated and, combined with the sharp rise in international oil prices, the market generally expects the next rate hike by the Federal Reserve is likely to occur in September. However, Detrick also reminded not to overlook the positive signals from recent inflation data. Last month, price increases for housing, clothing, and automobiles all slowed, indicating that some inflationary pressures are easing. He believes that because inflation remains high and oil prices continue to climb on one hand, while recent price data has improved on the other, the Federal Reserve currently finds itself in a very difficult policy dilemma.