EUR/USD
1.16733
-0.331%
Gold
4532.05
-1.416%
Oil
103.907
6.590%
USD/JPY
160.376
0.477%
GBP/USD
1.34681
-0.365%
GBP/JPY
216.002
0.119%
Real-time News
The Federal Reserves FOMC will announce its interest rate decision in ten minutes.1. Wells Fargo: Still expects the Fed to cut rates twice this year, by 25 basis points, in September and December respectively. 2. ANZ: The Fed is very likely to restart its rate-cutting cycle in the third quarter of this year, most likely at the September meeting. 3. Goldman Sachs: Expects the Fed to cut rates by 25 basis points each in September and December, and believes the possibility of a rate hike this year is very small. 4. Bank of America: Downside risks to economic growth lead us to continue to predict a 50 basis point rate cut by the Fed later this year. 5. TD Securities: By the September decision, the market will have accumulated enough evidence to support the Feds gradual return to an easing cycle. 6. Standard Chartered: Once Warshs nomination is confirmed, the Fed will likely shift its focus to reviving the weak job market and resuming rate cuts. 7. Commerzbank: In the medium to long term, the Fed will be unable to resist pressure from the US president and may cut rates for the first time by the end of the year, followed by two more rate cuts in 2027. 8. Danske Bank: Expects the Federal Reserve to keep interest rates unchanged throughout the summer and eventually resume rate cuts in September and December. 9. Barclays: If inflation falls as expected, the Fed is expected to gain sufficient confidence to begin easing policy around September. 10. ING: Maintains its forecast that the Fed will cut rates twice this year, in September and December. 11. BNY Mellon: Assuming the Strait of Hormuz reopens, the Fed will cut rates twice in the fourth quarter.Rocsys has launched a charging system for driverless taxis.Policy Statement: 1. A vote of 11:1 is highly likely to maintain the current interest rate (Milan opposes), but a unanimous vote is not ruled out, with Milan abstaining from its vote to cut rates. 2. The description of the labor market may be revised to reflect that while hiring activity remains weak, the overall employment situation is stabilizing. 3. The description of the impact of the Middle East situation may be reiterated or adjusted; the previous wording was "the impact of developments in the Middle East remains unclear." 4. The word "further" may be removed from "the magnitude and timing of further adjustments to interest rates" to soften the dovish stance. Powells Press Conference: 1. Powell is expected to emphasize uncertainty, persistent inflation, and the need for patience. 2. There is a risk of a hawkish tone, suggesting that rising energy prices may delay any easing policies. 3. He may be asked whether interest rate hikes have been discussed, but he is unlikely to provide any clear signals of the next steps. 4. He is expected to answer whether he will remain on the Federal Reserve Board until January 2028; resigning would strengthen Trumps influence over the Fed.April 30th - Three sources familiar with the discussions said that the seven OPEC+ members are likely to agree to raise their oil production targets again at their meeting on Sunday, though the increase is expected to be lowered given the UAEs withdrawal from the oil-producing group. However, due to the war between the US, Israel, and Iran, which has effectively closed the Strait of Hormuz to shipping, very few oil-producing countries are actually able to increase production. OPEC+ sources said that before the UAEs unexpected announcement on Tuesday that it would withdraw from OPEC and OPEC+ on May 1st, the groups eight members were expected to continue raising their production targets by 206,000 barrels per day in June, roughly similar to the increases in May and April. The sources said they are now likely to continue increasing production by a similar amount, but excluding the UAEs previous share of 18,000 barrels per day. One of them indicated that the group had not yet made a decision before the meeting.
