Central Bank Watch
Comments on FOMC Statement and Press Conference
April 29, 2026
The significant change in this FOMC statement from the last one involves the votes. Once again only Governor Miran dissented in favor of a 25-basis point cut of the federal funds target. The eleven other votes favored leaving the target unchanged at 3-1/2 to 3-3/4% where such has been since December. In addition, three of […] More
Central Bank Watch
FOMC Preview
April 29, 2026
The last FOMC meeting occurred only 2-1/2 weeks into the Middle Eastern war. Seven additional weeks have elapsed, and a war that was not expected to last more than five weeks, if that, is still unresolved. A ceasefire has quelled outright conflict but the economic pressure points of the war — the global price of […] More
New Overnight Developments Abroad - Daily Update
Central Banks Move Further Into the Spotlight
April 29, 2026
The Federal Open Market Committee is expected to announce an unchanged federal funds target range of 3.50-3.75% at 14:00 EDT today. This is the last scheduled meeting of the Jay Powell chairmanship, although his Trump-nominated successor Kevin Warsh has not yet been confirmed by the senate. The last interest rate change was made in December. […] More
