John Teiner, head of fixed income at Aptus Capital Advisors, said the Federal Reserve meeting will undoubtedly be overshadowed to some extent by the Middle East conflict and rising oil prices, but this meeting could determine the market's next move. While rate cuts are no longer on the table, the market will be watching the dot plot, the divergence among Fed officials relative to the median forecast, and any hints in Powell's press conference regarding whether he intends to ignore the price increases caused by commodity supply shocks. Following the surge in oil prices, the market has already canceled the two rate cut expectations priced in earlier this year, but if the conflict ends quickly, these expectations will be rapidly repriced. (Jinshi)