Oil price decline fails to ease inflation; markets maintain bets on two Fed rate hikes this year

Reuters columnist Mike Dolan pointed out that the overheating of the US economy and the AI investment boom are keeping inflationary pressure persistent, and the decline in oil prices has not changed the market's bet that the Federal Reserve will raise interest rates this year. Apollo Global Management Chief Economist Slok stated that the reopening of the Strait of Hormuz will intensify the overheating of the US economy. JPMorgan predicts that the next move by the Federal Reserve will be an interest rate hike. The policy communication reforms implemented by Federal Reserve Chairman Kevin Walsh have increased the difficulty of market trading, and Morgan Stanley judges that volatility in short-term fixed income assets will trend higher.