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, US President Trump, in an interview with Israel's News12 channel, stated, "I will not lift the naval blockade against Iran until an agreement is reached on its nuclear program." "In a sense, the naval blockade is more effective than bombing," the US president said regarding this measure. "The Iranians are suffocating—like a fat pig. Things will only get worse for them. They cannot have nuclear weapons." Trump claimed, "The Iranians want reconciliation. They don't want me to continue the blockade." Trump further elaborated on the effectiveness of the naval blockade, saying, "Iran's oil reserves and pipelines will soon burst under the blockade."