CME FedWatch: Federal Reserve to Hold Rates Steady in April, June Rate Cut Odds at Just 1.7%

ECB Likely to Hold Rates This Week, Then Hike 25 Basis Points in June and September, Says UniCredit

Gate News message, April 27 — UniCredit economists said in a report that the European Central Bank is likely to keep interest rates unchanged this week, but is expected to raise rates by 25 basis points each in June and September. The economists noted that absent economic deterioration, future rate

Five Central Banks to Hold Policy Meetings This Week; Monetary Decisions Expected to Drive Markets

Gate News message, April 27 — Five major central banks—the Bank of Japan, Bank of Canada, U.S. Federal Reserve, Bank of England, and European Central Bank—will hold policy meetings this week, with monetary policy decisions expected to be the primary market driver, according to Asger Wilhelm

Republican Sen. Tillis: The criminal investigation into Powell is over; it will no longer block Wash from serving as chair.

Republican Sen. Tom Tillis posted on the X platform on Sunday, announcing that after the U.S. Department of Justice (DOJ) concluded its criminal investigation into Federal Reserve Chair Jerome Powell’s involvement in the Federal Reserve headquarters renovation project, he will no longer block the procedure for confirming Kevin Warsh’s nomination as Federal Reserve chair, and said he is “looking forward” to supporting Warsh’s appointment.

U.S. Economic Data This Week May Drive Crypto Market Volatility; Fed Decision and Jobs Report Key

Gate News message, April 27 — The crypto market slipped 0.5% to $2.59 trillion as investors braced for several major U.S. economic releases this week that could shape Bitcoin and altcoin price direction. Bitcoin traded near $77,800, while the Crypto Fear & Greed Index has recently moved toward the m

Powell presides over his final FOMC, with Waller taking over a $6.7 trillion balance sheet

The Chair of the Federal Reserve (Fed), Jerome Powell, will host his final press conference for the Federal Open Market Committee (FOMC) on April 29 (Wednesday) to conclude his eight-year tenure as chair. After President Trump’s nominee, Kevin Warsh, takes over, he will face a policy environment of a 6.7 trillion dollar Fed balance sheet and a rebound in inflation.

U.S.-Iran talks collapse triggers a sharp drop in gold prices, while Bitcoin quickly surges past $79k

Bitcoin rose above $79,000 during the Asian trading session on April 27. At the same time, the spot gold price fell to a low of $4,672.11 per ounce, with an intraday decline of more than $38. The backdrop is that U.S. President Trump canceled the itinerary of his special envoy to Islamabad, Pakistan, and the U.S.-Iran peace negotiations have hit a stalemate. Federal Reserve Chair Powell is scheduled to preside over his final news conference of his tenure at the Federal Open Market Committee (FOMC) on April 29.