BlackRock strategist: Federal Reserve should keep interest rates unchanged, following Fed Chairman Kevin Walsh's statement

Gargi Pal Chaudhuri, Chief Investment and Portfolio Strategist at BlackRock, stated that the Federal Reserve should maintain the benchmark interest rate within the range of 3.50% to 3.75%. Gargi Pal Chaudhuri believes that underlying inflation in the United States is cooling down, and investors should focus on Federal Reserve Chairman Kevin Walsh's post meeting statements, including the threshold for triggering the next interest rate hike, the impact on oil prices, and adjustments to core PCE statistical methods.