Fed Chair Powell's April 30 Press Conference: Markets Warn of Hawkish Risks Amid Inflation Concerns

According to BlockBeats, multiple major institutions on April 29 previewed Fed Chair Jerome Powell's press conference scheduled for April 30, warning of potential hawkish risks. Most institutions expect the Fed to maintain a cautious stance amid improving labor markets and persistent inflation pressures. Citigroup and JPMorgan Chase anticipate Powell may acknowledge labor market improvements while emphasizing PCE inflation resilience, with energy prices and Iran tensions posing upside risks, likely leading to a "wait-and-see" policy stance. Societe Generale noted Powell is unlikely to pave the way for rate cuts before his successor takes office, while Mitsubishi UFJ suggested the Fed chair could signal a more hawkish tone if the FOMC statement does not strengthen inflation risk language.
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