StanChart: Market expectations of the Fed are too hawkish, expected to maintain status quo throughout the year.

Standard Chartered believes that the Fed may maintain interest rates unchanged within the year. The market's expectations of the Fed are overly hawkish. We believe that the Fed will keep interest rates unchanged for the remainder of the year and actually cut rates in the second quarter of next year. According to Standard Chartered's market outlook report for the second half of the year, the US economy has performed better than expected; at the same time, the temporary agreement reached between the US and Iran may push overall inflation to its peak in the second quarter. The current situation is favorable for interest rates in emerging markets like India. We are currently more inclined to invest through stocks, but I believe that the environment will improve and the situation will stabilize for India in the future.