Fed Holds Rates Steady as Powell Prepares for Departure
Markets stay flat as the Federal Reserve prepares to hold rates during Jerome Powell’s final meeting. Investors weigh geopolitical tensions and disappointing growth targets from OpenAI.
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The United States Senate expects to vote on Kevin Warsh’s confirmation as Federal Reserve chair Wednesday as Jerome Powell concludes his final policy meeting. Fed funds futures price a 100% probability that interest rates will remain unchanged, with no cuts anticipated until 2027. This leadership transition marks a pivotal shift for global markets as the central bank navigates intensifying political pressure for lower borrowing costs.
