[Institution: Middle East Conflict to Dominate U.S. Interest Rate Path, Risk Tilts Toward No Rate Cut] Reported by Jinse Finance, on April 30, Fidelity International Senior Global Macro Strategist Max Stainton stated in a report that the outlook for U.S. interest rates for the remainder of the year will increasingly depend on the duration of the Middle East conflict. Fidelity's baseline scenario remains slightly more dovish compared to market pricing, anticipating that incoming Federal Reserve Chair Walsh and the committee will generally lean toward mitigating the damage of energy shocks on economic growth. However, with the rising risk of a prolonged closure of the Strait of Hormuz, the risk of energy price shocks spreading into broader inflationary impacts and affecting the overall economy has become evident. 'We still expect one rate cut this year, but the risk clearly leans toward no action being taken for the entire year.' (Jin10)