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11:00ET/16:00BST: Biden To Deliver Remarks Ahead Of FOMC Decision

US

President Biden's remarks on 'economic growth, jobs, and deficit reduction'

have been brought forward and are now scheduled for 11:00 ET 16:00 BST.

  • A livestream of the remarks can be followed here: https://www.youtube.com/watch?v=N_nerGuCbFU
  • Biden's remarks come ahead of a FOMC meeting this afternoon which will be followed by a press conference from Fed Chair Jay Powell at 14:30 ET 19:30 BST.
  • MNI's Fixed Income analysts wrote in our latest Fed Preview: 'The May FOMC decision will be the most hawkish in recent memory, almost certainly delivering the first 50bp hike since May 2000 and an announcement that the balance sheet will shortly begin shrinking.' (https://marketnews.com/markets/pdfs/mni-fed-previe...)

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