The US Federal Reserve (Fed) will announce monetary policy decisions following the April 30 - May 1 policy meeting on Wednesday.
The Fed eral Reserve is widely anticipated to keep interest rates unchanged. Fed Chairman Powell’s remarks could provide important clues about the timing of the policy pivot. Markets see a strong chance that the Fed will wait until September to lower the interest rate. The US Fed eral Reserve will announce monetary policy decisions following the April 30 - May 1 policy meeting on Wednesday. Market participants widely anticipate that the US central bank will leave the policy rate unchanged at 5.
6% annualized Gross Domestic Product growth recorded in the first quarter of the year. If Powell alludes to September as the possible timing of the policy pivot, the US Treasury bond yields could turn south and drag the USD lower. Commenting on the Fed’s policy decisions’ potential impact on the USD’s valuation, “this week’s FOMC meeting should see a hawkish hold.
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