The Federal Reserve is set to release the minutes from its March meeting on Thursday, April 8, at 2:00 AM Beijing Time. The meeting occurred amid escalating geopolitical tensions in the Middle East, particularly following the onset of the Iran war on February 28. These minutes will provide insights into how Fed officials evaluated these risks and their potential impact on financial conditions, which have tightened due to rising borrowing costs and market pressures. Investors will closely scrutinize the minutes for clues on interest rate expectations. During the March meeting, there was still an anticipation of a rate cut later this year, though this outlook has become more uncertain. The combination of higher oil prices and a constrained financial environment challenges the Fed's ability to justify easing monetary policy. Additionally, discussions may have included conditions that could prompt further rate hikes, a topic of significant interest to market participants.