A snippet from Bank of America on Federal Reserve Chair Powell's news conference that follows the Federal Open Market Committee statement on Wednesday this week.
- Perhaps the most interesting moment at the press conference will be his response to a question about whether a 75bp hike is on the table.
- We think he will read a carefully crafted response, suggesting it is possible, but not likely.
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The press conference will most likely be much more interesting than the statement.
Its gonna be a big hump day this week!
- The Federal Open Market Committee statement is due on Wednesday 4 May at 1800 GMT
- Powell's press conference follows at 1830 GMT
