# Early this morning, the Federal Reserve announced that it will maintain the federal funds rate target range between 3.5% and 3.75% unchanged, holding steady for the second consecutive time, in line with broad market expectations.

Powell will end his term as Federal Reserve Chair in May this year. If a successor has not been confirmed by the time his tenure as Federal Reserve Chair ends, he will continue to serve as "interim chair" until his successor is formally confirmed.

Since taking office in January 2025, President Trump has repeatedly pressured the Federal Reserve to cut rates, criticizing Fed Chair Powell's actions as always "too late and wrong." Powell has repeatedly stated that he will remain firmly committed to maintaining the Federal Reserve's independence from political influence.

The latest data released by the CME "FedWatch" tool shows that the probability of the Federal Reserve cutting rates by 25 basis points in April is 0%, with a 100% probability of maintaining rates unchanged.

On international markets, gold and silver prices fell sharply, while Brent crude oil futures' main contract rose over 6%.
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