Policymakers in the United States and across the Group of Seven (G7) nations are expected to keep interest rates steady this week, amid rising energy costs stemming from the ongoing conflict in Iran. The Federal Reserve, Bank of Canada, Bank of England, and European Central Bank are all anticipated to maintain their current borrowing costs while closely monitoring inflation indicators. The Federal Reserve is projected to hold rates steady until the fourth quarter of 2026, while the Bank of Canada is expected to keep its rate at 2.25 percent. Economic growth in the US is forecasted to show a 2.2 percent annualized advance for the first quarter, aided by strong business investment despite a slight softening in consumer spending growth. The situation in the Strait of Hormuz, a critical point for global energy supply, is likely to influence monetary policy decisions as central banks remain vigilant against inflationary pressures. Reports on inflation and economic growth in the US and Europe will further inform central bank strategies in the coming weeks.