[Bank of New York Mellon: Fed Expected to Raise Rates Again in December, but 2027 Outlook Remains Uncertain] BlockBeats News, September 22, John Velis, Americas Macro Strategist at Bank of New York Mellon, stated in a report that the Federal Reserve is expected to raise interest rates again in December. However, it is uncertain whether the Fed can implement as many rate hikes in 2027 as the market has priced in. 'The answer depends on how effective tightening policies can be under the current inflation shock,' he said. A significant factor will be the situation in the Middle East, where visibility remains low. 'Easing tensions and the subsequent drop in oil prices could alter the considerations of both the market and the Fed.' However, he added that tying policy outlooks to a situation that may first worsen before improving is not a sustainable strategy.