[KPMG: Fed Expected to Be Forced to Raise Rates in the Second Half of the Year] BlockBeats News, April 3: The Iran war has intensified global economic stagflation risks. KPMG Chief Economist Diane Swonk stated that once stagflation takes hold, a 'deep recession' might be the only way out. Stagflation is a concerning economic scenario characterized by persistently high inflation and sluggish economic growth. Swonk remarked: 'The blockade of the Strait of Hormuz and the resulting surge in oil prices have impacts far beyond a simple oil shock.' She believes the current situation's impact is more severe than any previous oil crisis in history. This directly drives up various costs, leading to price increases, while significantly reducing companies' willingness to hire, thereby impacting the job market. The intertwining of multiple factors continues to elevate stagflation risks. Swonk's views align with those of market investors. She explained: 'The likelihood of the Fed raising rates in the second half of the year is increasing. I expect the Fed will be forced to take this action, and other central banks around the world will follow suit.' (Jin10)