Coin World News: In a report, Fidelity International’s Senior Global Macro Strategist Max Stainton said that for the remainder of this year, the outlook for U.S. interest rates will increasingly depend on the duration of the Middle East conflict. Fidelity’s baseline scenario remains slightly more dovish than market pricing, and it is expected that the incoming Federal Reserve chair, Walsh, and the committee will generally lean toward mitigating the damage that energy shocks could do to economic growth. However, as the risk of the Strait of Hormuz remaining closed for the long term rises, the risk of energy price shocks spreading into broader inflation shocks—and affecting the overall economy—is clearly evident. He said, “We still expect a rate cut this year, but the risks are clearly skewed toward taking no action for the entire year.”