Powell Focus: Fed’s May Meeting to Unveil Recession Clues

The Federal Reserve’s upcoming May meeting is shaping up to be a closely watched event. Despite nearly unanimous expectation of keeping interest rates steady at 4.25% – 4.50%, the spotlight remains on Chair Jerome Powell for his insights into the US economy, inflation, and the potential for recession. His post-meeting press conference on Wednesday will offer crucial clues about the Fed’s future policy direction.