"The Fed announces its rate decision this afternoon with the target rate at 3.75%, unchanged since January 1. The leadership transition is the bigger story: the Senate Banking Committee is expected to advance Kevin Warsh's nomination to succeed Jerome Powell after his term ends May 15."
"Brent crude briefly punched above $115 a barrel while WTI topped $103, as traders priced in escalating shipping disruption risks through the Strait of Hormuz. U.S. core capital goods orders posted their strongest monthly advance since 2020, climbing 3.3% in March after a revised 1.6% gain in February."
The Federal Reserve is set to announce its latest rate decision, marking Jerome Powell's final meeting as Chairman before Kevin Warsh's expected succession. Big Tech companies, including Amazon, Alphabet, Meta Platforms, and Microsoft, are preparing to report earnings, with OpenAI's growth concerns anticipated to be a focal point. Meanwhile, Brent crude prices have surged above $115 per barrel due to shipping disruption risks, while U.S. core capital goods orders have shown significant growth, indicating robust corporate investment. The 10-year Treasury yield remains high, reflecting market expectations.
Read at 24/7 Wall St.
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