[Analyst: Whether Inflation Can Quickly Return to Target Is More Important Than Current Levels] Odaily Planet Daily News – Felipe Villarroel of TwentyFour Asset Management stated in a report that the Federal Reserve faces a challenging balancing act. The portfolio manager said: "Although inflation remains above target and recent developments, especially the oil price surge related to Middle East tensions, have added upward pressure, the U.S. economy continues to demonstrate resilience." The market is pricing in a 25 basis point rate hike by the Federal Reserve on Wednesday. TwentyFour also believes this is the most likely outcome. Villarroel said: "More important than the current level of inflation is whether inflation can return to target quickly enough to prevent inflation expectations from becoming entrenched." He noted that recent remarks by Federal Reserve Chair Waller indicate a strong focus on restoring the Fed's anti-inflation credibility, but this meeting will be the first to truly show how this is reflected in policy. (Jin10)