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Powell's Farewell Tour: FOMC Preview April 2026
The FOMC is widely expected to keep the target range for the federal funds rate unchanged at 3.50-3.75% this month. Governor Miran may repeat his dissent, preferring a rate cut. There will be no update of the Summary of Economic Projections, so we only have the FOMC statement, Miran’s possible dissent, and what could be Powell’s last post-meeting press conference as Fed Chair on the agenda. The most important addition in last month’s statement was that “The implications of the developments in the Middle East for the U.S. economy are uncertain.” However, at the press conference in March, Powell said that he ... (full story)
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