FOMC Past Market Reactions & Deviations - FJElite
April Meeting Summary
- Fed votes 8-4 to hold benchmark rate in 3.5%-3.75% range.
- Fed: Hammack, Kashkari, and Logan voted against easing bias, backed. Miran dissents in favor of rate cut.Fed: Middle East developments adding high level of uncertainty.
- Fed rate decision and policy statement draw highest number of opposing votes since October 1992.
Sentiment Post Rate
- Short-term US interest-rate futures signal slim odds of rate cut this year after Fed holds policy rate steady.
- Traders now see as much as a 25% chance of a Fed rate hike by April 2027, up from 20% before the Fed decision - CME FedWatch show.
- Traders add to bets on Fed rate hike in 2027, now see 45% chance - CME Fedwatch Data
