Fitch: If the oil price rise is short-lived, the likelihood of a Fed rate cut in June increases.

According to ChainCatcher, citing Jinshi, Fitch Ratings' Brian Coulton stated that if the oil price surge triggered by the Middle East war proves to be temporary, a June rate cut by the Federal Reserve is a realistic possibility. The Fed, as expected, kept interest rates unchanged today, stating that it needs more time to assess the impact of the war on inflation. Coulton believes that without signs of persistently stubborn inflation, a weakening labor market will reignite concerns about the risk of rising unemployment, thus prompting a June rate cut.