TechFlow news, April 5 — According to Jinshi Data, the Federal Reserve's next meeting will take place on May 6–7. Futures markets had raised the odds of a Fed rate cut at that meeting to around 50%, but after Powell's remarks, those odds dropped to about 30%. Market participants were hoping for the so-called "Fed Put"—the Federal Reserve easing financial stress through rate cuts—but their expectations were dashed on Friday, leading to lower stock prices.
Krishna Guha, Chairman of Evercore ISI, wrote: "Powell's comments highlight how far we are from a macroeconomic and market environment that could trigger a 'Fed Put.' He is seeking to manage expectations in order to preserve room to cut rates if unemployment rises significantly. Until then, preemptive action is unlikely given the scale of tariff-driven inflation." For Powell, there's no rush. Guha said: "It feels like we don't need to hurry; it feels like we still have time."
