Fed Continues 'Wait-And-See' Approach -- Market Talk

Dow Jones13:28

0528 GMT - The Federal Reserve, which held interest rates steady at 3.50%-3.75%, signals a continuation of its 'wait-and-see' approach, Clearwater Analytics' Matthew Vegari says in a note. A key takeaway from the Fed's meeting on Wednesday is that "the Fed is reluctant to 'look through' energy-induced inflation as it already did so with tariff-induced inflation," the head of research at the investment platform says. Another takeaway is that the White House's plan to cudgel the Fed into rate cuts has backfired, as Chair Jerome Powell will stay on as governor for the time being, Vegari says. "If the Fed cuts in the face of accelerating inflation, the decision will follow pronounced weakness in the labor market, not political influence." (emese.bartha@wsj.com)

(END) Dow Jones Newswires

April 30, 2026 01:28 ET (05:28 GMT)

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