Powell will hold a press conference tomorrow morning. With it effectively certain that interest rates will not change, what should the market watch for in this Federal Reserve decision?
The Federal Reserve is expected to keep interest rates unchanged at 3.5–3.75% at its two-day meeting, and may slightly adjust the statement to strengthen support for employment and flexibility for future rate hikes. Chair Powell’s term ends on May 15, and markets are watching whether he will be reappointed and whether there will be personnel changes among the governors; Waller, if nominated to take over, will face pressures regarding independence and reforms, and Milan may be the last time he attends. This article focuses on tomorrow morning’s press conference and the direction of policy.
ChainNewsAbmedia·04-29 01:54
