Federal Reserve interest rates are approaching neutral, while the AI boom and rising metal prices may increase inflation stickiness

ChainCatcher News, according to Golden Ten Data, Rushabh Amin, Portfolio Manager of the Multi-Asset Solutions Team at Allspring Global Investments, pointed out in a research report that the current Federal Reserve federal funds rate target range of 3.5% - 3.75% is already very close to a neutral level and will not further exacerbate inflationary pressures. He expects that market attention will gradually shift to the appointment of the next Federal Reserve Chair, with investors generally anticipating that the new Chair may be more inclined to cut interest rates. The current market consensus is that the Federal Reserve will keep rates unchanged at this week's monetary policy meeting.