Dan Ivascyn, Chief Investment Officer at Pimco, expressed concerns that the ongoing war in Iran could lead the US Federal Reserve to postpone interest rate cuts and even consider raising rates. This warning comes as energy prices surge due to Iran's closure of the Strait of Hormuz, presenting new challenges for US policymakers who are striving to lower inflation to the central bank's target of 2%. Ivascyn noted that the US is currently further from this target, and he anticipates more tightening measures could be implemented, similar to trends in Europe, the UK, and potentially Japan. He cautioned that reducing rates could exacerbate inflationary pressures and lead to higher long-term rates. Franklin Templeton CEO Jenny Johnson echoed these concerns, stating that controlling inflation will be increasingly difficult for the Fed. While the Fed has kept rates steady in its last two meetings, uncertainty looms over its future actions, especially after dissent from three regional Fed presidents regarding the board's bias towards easing policy.