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Fed to Signal Delay of Interest-Rate Cuts

edited April 30 in Other Investing
Bloomberg reports:

”The Federal Open Market Committee will hold the target range for its benchmark rate at 5.25% to 5.5% - a two-decade high first reached in July - at the conclusion of its two-day policy meeting Wednesday. The rate decision, and possibly an announcement on the pace of its balance-sheet reduction program, will be released at 2 p.m. in Washington. Chair Jerome Powell will hold a press conference 30 minutes later.”https://www.bloomberg.com/news/articles/2024-04-30/fed-to-hold-interest-rates-powell-to-set-tone-for-cuts-in-2024

Separately, Bloomberg (citing data from Citibank) is reporting: ”The options market is more concerned about a potentially big move in the S&P 500 Index (SPX) off of the Federal Reserve's interest-rate decision Wednesday than it's been at any point in almost a year.”
https://www.bloomberg.com/news/articles/2024-04-30/traders-expect-biggest-fed-day-move-in-s-p-since-2023-citi-says
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