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Stock impact report

No Fed rate move expected as Powell-Warsh shift looms. What to know [USA TODAY]

Federated Hermes, Inc. (FHI) 
Last federated hermes, inc. earnings: 4/30 04:17 pm Check Earnings Report
Company Research Source: USA TODAY
and a still-tight labor market linger, while markets and policymakers watch Chairman Jerome Powell's news conference for clues about the Fed's outlook and the pending transition to nominee Kevin Warsh. The Federal Reserve is likely to stay in wait-and-see mode and leave interest rates alone at the end of its two-day meeting on April 29, as the Iran war risks driving up inflation and concerns about the job market linger. Rather than the rate decision, focus may be on Jerome Powell's news conference, which could be his last as chair . Fed watchers will be looking for clues in his language about whether officials see inflation or weakness in the job market as the bigger threat. Concerns about a slowing labor market and a low-hire environment drove the Federal Open Market Committee to cut rates three times late last year. Those concerns haven't gone away, but were somewhat alleviated by the Labor Department's estimate U.S. employers added 178,000 jobs in March. Meanwhile, the depart Show less Read more
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