Report: Economic data leaves Fed with no room to discuss interest rate cuts.

Nomura's Jeremy Schwartz wrote in a report to clients that data released since the Federal Reserve's last meeting in mid-March shows that there are almost no signs of economic deterioration, while the momentum of rising prices continues. This situation may give the Fed's policy committee little reason to hint at a rate cut at next week's April meeting. Schwartz pointed out, "Even officials with a dovish stance have emphasized patience," referring to remarks made by Board Member Christopher Waller last week. Nomura also stated that, in addition, given that tensions remain high in the Iran conflict despite a ceasefire, officials will remain vigilant against the potential risk of soaring energy prices triggering broader inflation.