Fed Expected to Hold Rates Steady; Powell's Final Speech Anticipated

News Flash 2026-04-28 18:45

The U.S. Federal Reserve is set to announce its April interest rate decision tomorrow, with markets pricing in a near-certain probability that rates will remain unchanged at 3.5%–3.75%. This would mark the third consecutive pause in 2026, as inflation remains above the Fed's 2% target, with the latest CPI data showing a 3.3% annual rate in March. Despite slowing job growth, unemployment remains low, and economic growth is positive. Attention is focused on Jerome Powell's final speech as Fed Chair, with his term ending on May 15, 2026. Traders are keenly watching for any hints of future rate cuts, as Powell aims to leave the economy in "good shape" for his successor, Kevin Warsh. While the likelihood of rate cuts in 2026 has diminished, major institutions like J.P. Morgan and Goldman Sachs still foresee potential cuts later this year. Bitcoin, currently trading near $76,532, is testing a key range between $79,000 and $83,000. A breakout could propel it toward $90,000, contingent on the Fed's signals and inflation data. Positive signals from Powell could boost Bitcoin, while stronger economic data might trigger a short-term dip.

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This content is for informational purposes only and does not constitute investment advice.

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