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April 30: Federal Reserve Chair Jerome Powell will hold a monetary policy press conference in 10 minutes.

On April 30, former U.S. President Donald Trump proposed a brief ceasefire in Ukraine. Should Iran fail to reach an agreement, remaining missiles and systems will be destroyed. It is believed the conflicts in Ukraine and Iran will conclude around the same time. Russian President Vladimir Putin opposes Iran acquiring nuclear weapons. (Source: Jinse)

On April 30, the Federal Reserve held interest rates steady as expected. Of the 12 voting FOMC members, 4 dissented—marking the highest number of opposing votes since October 1992. Per the FOMC statement: Fed Governor Milan dissented against holding rates steady, favoring a 25-basis-point rate cut. Cleveland Fed President Hamek, Minneapolis Fed President Kashkari, and Dallas Fed President Logan voted to keep rates unchanged but objected to retaining the statement’s dovish language. The statement retained the word “further” in the phrase “when considering the extent and timing of adjustments to the federal funds rate target range”—a term markets had expected to be removed to dial back the implied signal of a potential rate cut. This is widely expected to be Fed Chair Jerome Powell’s final FOMC meeting. (FXStreet)

April 30 — The Federal Reserve held its federal funds target rate range steady at 3.50%-3.75% for the third straight meeting, matching market expectations. But the FOMC meeting showed a clear voting split, with an 8-4 outcome. Among the members, Fed Governor Stephen Miran dissented, calling for an immediate 25-basis-point rate cut; Hamack, Cashkali, and Logan also dissented, opposing the addition of any dovish language to the statement. The statement noted the U.S. economy continues to expand at a "moderate pace," but overall job growth remains weak, and inflation stays high—partially fueled by surging global energy prices. The Fed also stressed that escalating tensions in the Middle East are ramping up economic uncertainty. Notably, the Fed retained wording about "the magnitude and timing of further adjustments to interest rates," not fully removing the "further adjustments" phrase. This signals a sharp widening of disagreements within the committee over the future policy pat

April 30 — The Federal Reserve’s interest rate decision and policy statement drew the most dissents since October 1992. The Fed’s FOMC said the resolution passed 8-4: Mester dissented to back a 25-basis-point rate cut, while Harker, Kashkari and Rosengren dissented over language in the statement signaling a dovish policy bias. (FXStreet)

April 30 FOMC Statement: Evolving Middle East tensions have increased uncertainty around the economic outlook. Job growth has remained modest, and the unemployment rate has changed little. When weighing the size and timing of further federal funds rate adjustments, the Committee will closely review newly released data, the evolving outlook, and the balance of risks. (Source: FXStreet)