FED Meeting Will Be Held This Evening

FED meeting will be held this evening. The FED is expected to maintain its calm stance.

It is estimated that the FED (US Federal Reserve) will maintain its 'patient' attitude due to the recovery of the economic outlook at the meeting to be held tonight. US Federal Reserve Chairman Jerome Powell is expected to continue aggressive incentives despite acceleration in economic recovery. While the FED is not expected to change the interest rates after the 2-day meeting, it is expected to continue its monthly bond purchasing program of 120 billion dollars. Amherst Pierpont Securities Chief Economist Stephen Stanley stated that the FED will maintain its dovish tone as the threat of the pandemic continues, saying, "The authorities may continue their message that" the economy is getting better, but we need to see some more evidence ... ". Vishy Tirupattur from Morgan Stanley stated that the FED will be patient with the rate hike. FED Chairman Powell noted in an interview on April 11 that growth and employment were responding quickly to fiscal and monetary support. Pointing out the risks related to the outlook due to the pandemic, Powell emphasized that the FED will provide all kinds of support to support the economy. FED's April interest rate decision will be announced at 9 pm tonight. FED Chairman Jerome Powell will speak to the press at 9:30 pm after the decision.