Fed Meeting Preview: Powell's Last Hawkish Stand?

With inflation heating up, growth holding firm and markets dialing back rate cut bets, the Federal Reserve heads into its April meeting under pressure for what is likely to be Chair Jerome Powell‘s last press conference. Fed funds futures price a 100% probability that the Federal Open Market Committee leaves rates at 3.50%–3.75% on Wednesday and the first meeting where a cut becomes more likely than a hold doesn’t a…