The Iran war caused oil prices to skyrocket by nearly 50% to US$95 per barrel. Coupled with February's PPI exceeding expectations, the pressure for a rebound in U.S. inflation has intensified. The Federal Reserve kept interest rates unchanged at 3.50%-3.75% in March, raised its inflation forecast for 2026 to 2.7%, and still adhered to the path of cutting interest rates once throughout the year. 68% of economists expect that high oil prices will drag down GDP growth by 0.25-0.5 percentage points, and interest rate cuts are expected to be postponed to the spring of 2027.