Svmuu News: Investors are increasingly concerned that the Federal Reserve’s next policy decision could be a 25-basis-point rate hike, possibly as early as this month, but Phil Orlando, chief market strategist at Federated Hermes, says that scenario is unlikely.“We don’t share that view and expect Federal Reserve to overlook what should be only a temporary energy supply shock and keep rates unchanged,” Orlando said.Last week’s disappointing U.S. labor market data prompted the market to push back expectations for the first rate hike to later this year. Data from the London Stock Exchange Group shows that money markets are pricing in a 22% probability of a 25-basis-point rate hike in July. (Jin Shi)