RBA Set to Hold Rates Steady Amid Inflation Concerns and Cautious Outlook 
Taiwan’s Central Bank to Hold Rates Steady Amid Inflation and Trade Concerns 
Bank Indonesia Holds Rates to Shield Rupiah, Cuts Expected Next Quarter 
FxWirePro- Gold trade idea 
BSP Takes Cautious Path on Rate Cuts to Balance Growth and Inflation 
BOJ May Cut Super-Long Bond Purchases in Q2 to Advance Policy Normalization 
Gold Loses Luster: Trump's Tariffs Tarnish Safe-Haven Appeal 
China Keeps Loan Prime Rate Unchanged as Focus Shifts to Fiscal Stimulus 
Hong Kong Holds Base Rate at 4.75% as U.S. Fed Keeps Rates Steady 
FxWirePro- Gold Trade Idea 
No Emergency Fed Meeting Today
In contrast to speculation, the Federal Reserve is not holding an emergency meeting today, April 7, 2025. Instead, the Board of Governors is conducting a regularly scheduled closed meeting at 11:30 AM Eastern Time to discuss advance and discount rates imposed by Federal Reserve Banks. The meeting is according to the normal Fed schedule despite volatile markets and President Trump's tariff revelations.
Market Expects Aggressive Rate Cuts
The market is pricing in hopes for more profound monetary policy loosening, as investors are anticipating five interest-rate reductions by the end of 2025. The possibility of an emergency rate reduction in a week also has a 40% chance. This measures strong market expectation of a softer Federal Reserve stance in light of economic uncertainty.
Powell Signals Cautious Approach
Despite market expectations of sharp rate reductions, Federal Reserve Chairman Jerome Powell signaled preference to alter rates only when absolutely necessary. The next Federal Open Market Committee (FOMC) meeting, under which potential policy changes are set to be discussed, is on May 6-7. This also suggests a relatively more conservative and data-driven stance by the Fed, which damps expectations of immediate and immediate policy response.
