What Will the US Fed Do This Week?

The latest US Federal Open Market Committee meeting gets under way Tuesday, culminating with an announcement on interest rates Wednesday afternoon (13:00 CT). A look at the Fed fund futures forward curve shows the market is expecting US Fed Chairman Powell to announce no change in rates, leaving it between 3.5% and 3.75%, shifting the spotlight to the March (17 and 18), April (28 and 29), and June (16 and 17) meetings. Amidst all that, Jerome Powell’s term as Chairman comes to an end in May meaning the U ...