Fed Week Ahead: Powell’s Possible Exit Turns a No-Change Meeting Into a Rate-Cut Cliffhanger
The Federal Reserve is expected to keep its benchmark rate at 3.50%-3.75% on Wednesday, as inflation risks rise from higher oil prices and disruptions in the Strait of Hormuz. Chair Jerome Powell may lead his final policy meeting, with markets watching for signals on future hikes. Key GDP and PCE inflation data are due Thursday morning. Investors currently see little chance of a rate cut this year.