Benjamin Louvet, an analyst at Offi Investment Asset Management, stated in a report that the Federal Reserve may face a dilemma regarding its dual mandate of employment and inflation: should it raise interest rates to combat inflation, or should it lower rates to support economic growth and employment? The head of commodities stated, "Since raising rates cannot mitigate supply shocks without harming economic growth, the Fed seems unlikely to choose to do so." Furthermore, declining incomes in Gulf states, major buyers of US Treasury bonds, could weaken US debt financing and force the Fed to lower interest rates or even resume bond purchases to support the economy. (Jinshi)