It is the third Fed day of the yr — and it is set to be Jerome Powell’s swan track.
The Federal Open Market Committee will announce its April interest rate decision at 2 p.m. ET. Powell’s time period ends on Could 15, making this assembly his final, pending the affirmation of Kevin Warsh, Trump’s nominee to be the subsequent Fed chair. The assembly additionally comes amid a brand new growth within the Division of Justice probe into the Fed’s building efforts on its DC buildings, a continued stalemate within the Strait of Hormuz, and ongoing inflation woes.
Enterprise Insider will cowl the information all day, together with insights from economists, market analysts, and central financial institution leaders. Examine again right here for updates.
