[Analyst: Inflation More Persistent This Year, Fed Chair Nomination Remains Market Focus] Jin10 News, January 29 – Allspring analyst Matthias Scheiber stated that a stabilizing job market and more persistent inflation have led the Federal Reserve to adopt a wait-and-see approach, assessing the impact of previous rate cuts on U.S. economic growth. The current interest rate level appears to be close to the neutral rate, which can stabilize employment while helping to control inflation. Nevertheless, the investment and capital expenditure boom driven by artificial intelligence, along with a significant rise in commodity prices, including industrial metals, may result in a more persistent inflation trajectory this year. The market has gradually priced in one of the two rate cuts anticipated at the end of last year. The biggest focus remains the announcement of the new Federal Reserve Chair nominee. The race is still open, but it is widely expected that the successor to Powell will lean more dovish. Government pressure on the Federal Reserve to cut rates will remain a persistent theme this year.