0514 GMT - Indosuez Wealth Management continues to believe that the Federal Reserve is well-positioned to wait and assess the actual impact of the Middle East conflict, cross asset strategist Lucas Meric says in a note. "Inflation remains persistent, independently of recent events in the Middle East," he says. Moreover, in the coming months it should reflect renewed upside pressure stemming from disruptions affecting energy, metals and chemical products originating from the Gulf region, he says. At the same time, labor market data have improved since the last committee meeting, he says. "This could lend a slightly more hawkish tone to the FOMC's communication." (emese.bartha@wsj.com)
(END) Dow Jones Newswires
April 28, 2026 01:14 ET (05:14 GMT)
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