Anben Investment: The Federal Reserve may maintain interest rates until the end of Powell's term.

Ray Sharma-Ong, Global Deputy Head of Investment Diversified Asset Client Solutions at Ambon Investments, stated that the Federal Reserve is expected to keep the benchmark interest rate unchanged during the remaining term of current chairman Powell. Powell's term will end on May 15, 2026. Sharma-Ong pointed out that the market widely expects the next Federal Reserve chairman to take a more dovish stance, and their policy path may be more accommodative than the current official forecasts. This expectation is driving the yield curve of US bonds to steepen, and the global interest rate environment is expected to support the level of long-term interest rates.