We are in the midst of the April-May round of central bank meetings.
In short, assessing the meeting statement and Chair Powell’s press conference, the Fed is guiding that official US interest rates will remain at their current level for longer than previously envisaged.
The Fed acknowledged the recent stickiness to inflation in its meeting statement.
Amid higher than expected inflation, on-going strength in the labour market and less dovish soundings coming from FOMC members over recent weeks, market expectations for US rate cuts have been scaled back significantly.
