Fed was “trying to send a message of sustained expectations for 50 basis point increases,” but “unintentionally gave a very dovish message.
It's "uncertain" whether the Federal Reserve "can land the plane very smoothly", says Goldman Sachs (GS) CEO David Solomon.
The U.S. Treasury now anticipates a paydown in government debt this quarter, a turnaround after previously estimating net borrowing.
The Fed chair and his colleagues want to lift rates expeditiously to a neutral level this year that neither stimulates nor restrains growth.
For first time this year, traders are pricing in near-equal chance that Fed policy makers in June will raise their benchmark rate by 75 basis points.
House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer met to discuss possible legislation to reduce gasoline prices.
Which case is most likely is at the heart of a debate among investors bracing for the most aggressive U.S. monetary tightening in decades.