[HSBC: Maintains Expectation of Fed Holding Steady This Year and Next Year] BlockBeats News, March 21, HSBC stated that the Federal Reserve once again kept its policy rate unchanged at 3.50%-3.75% during its March meeting and hinted at adopting a 'wait-and-see' approach. Persistent inflation and rising geopolitical risks have introduced uncertainty for the Fed. HSBC maintains its previous view that the Federal Reserve will keep rates unchanged in 2026 and 2027. Inflation risks have risen, particularly due to surging energy prices, while labor market risks are slightly tilted to the downside. Energy price volatility and geopolitical risks are expected to continue supporting safe-haven demand and a stronger U.S. dollar. (Jin10)