Fed Holds Rates, Powell's Last Meeting

The Federal Reserve is expected to keep interest rates steady today, as the Senate prepares to confirm Kevin Warsh as the next chair. Fed Chair Jerome Powell is set to discuss the economic impact of the Middle East conflict, with persistent oil spikes raising inflation risks. Economists like Matt Luzzetti from Deutsche Bank and Esther George warn of sticky inflation and strong consumer demand. Recent CPI data shows a three percent overall jump, with core inflation ticking up to two point six percent. The Fed is likely to treat oil as a one-off, but repeated shocks could force a policy rethink. No rate projections are expected today, with the decision and Powells talk at two p.m. and two thirty p.m. Eastern, respectively. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/54bfd3b7ab7fc352