On May 7th, Karen Manna of Federated Hermes stated that Federal Reserve Chairman Powell may not satisfy investors' thirst for clarity when speaking to reporters after tomorrow's rate decision.
The Federal Reserve is expected to maintain interest rates unchanged, and Powell may face questions about the impact of tariffs on inflation and the economy. The final level of tariffs and their duration remain uncertain, which limits Powell's ability to provide more clear information. "Predictions are always challenging, and forecasting is almost impossible when targets are constantly changing." She anticipates this uncertainty will continue until the Federal Reserve's June meeting, unless there are substantial changes. (Jinshi)
