Fed likely to maintain patient stance - TDS

TD Securities analysts are looking for the Fed’s Chair Powell to continue with the Central Bank's patient stance, keeping all options open at Wednesday's post-FOMC meeting press conference.

Key Quotes

“Some downside risks have faded but the inflation outlook has softened, leaving Powell to stress the Fed remains ready to adjust policy as needed. We see risks skewed toward a more dovish tone, as Powell is likely to be asked repeatedly about the possibility of rate cuts this year.”