The two-day FOMC monetary policy meeting concludes on Wednesday, May 1 at 2:00 ET. FOMC Chairman Powell’s press conference starts at 2:30 ET. FOMC Meeting Expectations Economists overwhelmingly expect the Federal Reserve to leave interest rates unchanged in the 5.25-5.50% range, with every single one of the 100 economists surveyed by Reuters expecting the central bank to stand pat this week. Indeed, only 4 expected a June rate cut, while 26 believe the Fed will start cutting interest rates in July. Traders are similarly discounting a vanishingly small chance of an interest rate cut this week, per the CME’s FedWatch ... (full story)