The Federal Reserve's current interest rate range of 3.50%-3.75% is considered close to neutral, according to Allspring's portfolio manager Rushabh Amin. According to NS3.AI, this rate is unlikely to further fuel inflation. However, the rising prices of commodities and industrial metals, driven by the AI investment boom, could lead to persistent inflation through 2026. Market attention is anticipated to shift towards the appointment of the next Federal Reserve chair, with expectations leaning towards a more dovish approach and potential rate cuts.

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