[Economist: The Market Still Underestimates the Fed's Potential Tightening Policy] According to a report by Jinse Finance, on May 29, T. Rowe Price Chief U.S. Economist Blerina Uruci stated that the market may still be underestimating the likelihood of further tightening by the Federal Reserve. In her report, Uruci noted that since early May, the duration of the Iran conflict has exceeded expectations, oil prices have risen, and U.S. economic growth has remained resilient. While the Federal Reserve can overlook temporary energy shocks, sustained pressure from oil and import prices could influence inflation expectations, wage dynamics, and corporate pricing behavior. Uruci has shifted her main view to the federal funds rate remaining unchanged over the next 12 months. She estimates a 45% probability of rates staying unchanged, a 35% probability of a rate hike by the end of the year or early 2027, and a 20% probability of a rate cut. (Jin10)