EUR/USD
1.17010
-0.095%
Gold
4575.62
-0.469%
Oil
100.592
3.189%
USD/JPY
159.758
0.090%
GBP/USD
1.35061
-0.084%
GBP/JPY
215.774
0.013%
Real-time News
1. JPMorgan Chase: Expects the Fed to hold rates steady, with the vote to maintain the current rate expected to be 11-1, and Milan likely to vote against it. 2. Societe Generale: Expects the Fed to hold rates steady. Given that this meeting will not release a summary of economic projections or a dot plot, the market anticipates few policy changes. 3. Goldman Sachs: Expects the Fed to hold rates steady. The post-meeting statement may acknowledge improved employment data and rising inflation, but will maintain existing policy guidance. 4. MUFG: Expects the Fed to hold rates steady. Fed Governor Milan may abstain from voting on a rate cut, and the statement may explicitly mention increased upside risks to the inflation mandate. 5. Wells Fargo: Expects the Fed to hold rates steady. The statement may indicate that energy costs are keeping inflation high and weaken forward guidance, revising the wording regarding the magnitude and timing of further adjustments to the benchmark interest rate. 6. Morgan Stanley: Expects the Fed to hold rates steady. The statement is expected to change little, with the FOMC likely maintaining an accommodative bias, but emphasizing that high uncertainty means patience is needed in policymaking. 7. Deutsche Bank: Expects the Fed to hold rates steady, possibly removing the word "further" from the wording regarding "the magnitude and timing of further adjustments to the benchmark interest rate" to pave the way for future rate hikes. 8. Danske Bank: Expects the Fed to hold rates steady and may not provide clear forward guidance, but any cautious hints at restarting easing could trigger a decline in Treasury yields and a broad weakening of the dollar. 9. BNY Mellon: Expects the Fed to hold rates steady with very limited forward guidance, as the market has not yet priced in persistent inflation risks, giving the Fed room to temporarily ignore short-term inflationary pressures.On April 29th, the European Union announced temporary measures to mitigate some of the impacts on businesses caused by the sharp rise in energy prices due to the Middle East conflict. The EU executive body stated that member states can provide up to 70% compensation to companies in the agriculture, fisheries, or transport sectors for additional costs incurred due to rising fuel or fertilizer prices caused by the crisis. The European Commission added that energy-intensive companies eligible for temporary price relief can also receive assistance of up to 70% of their electricity bills. This framework, known as the "Interim State Assistance Framework for the Middle East Crisis," will be in effect until December 31, 2026. The European Commission stated: "While the transition to a cleaner economy remains a long-term solution to protect EU companies from global energy shocks, the Interim State Assistance Framework for the Middle East Crisis allows member states to take immediate action to ensure that the growth of the most affected companies does not suffer irreparable damage due to the current crisis."European Commission: Businesses can receive up to €50,000 in aid.On April 29th, John Payne, senior economist at Dun & Bradstreet, a business information, data, and analytics service, stated in a report that while the Bank of England was initially expected to cut interest rates in 2026, global supply shocks have altered the banks policy outlook. He expects the Bank of England to maintain interest rates at 3.75% due to the significant rise in global energy and other commodity prices. Payne stated, "Even with the UKs relatively low direct dependence on imports from the Gulf region, it will still face inflation spillover effects, with inflation potentially reaching 3.5% by the third quarter. Maintaining interest rates at current levels will reflect the central banks cautious stance on inflation." He added that recent evidence of resilience in the UK economy has reduced the need for a rate cut.The European Commission: Under interim rules, member states can provide up to 70% compensation to agricultural, fishery, and road transport companies for losses caused by rising fuel and fertilizer prices.
