Jim Smigiel, an analyst at Seay (ticker: SEIC), a Nasdaq-listed financial services company in the United States, analyzed that the Fed is unlikely to undertake further interest rate hikes. He explained, "The Fed has a dual mandate of price stability and maximum employment, so it must consider that interest rate hikes could negatively impact the economy and the employment market." In contrast, he assessed that some global central banks, such as the ECB, have a structure that focuses more on price stability, making the possibility of additional tightening relatively high. However, he added, "Major central banks are also likely to largely follow the Fed's policy path in the end, due to concerns about exchange rates and capital market instability."
