I wonder if Powell will fold around election time to political pressure as Trump has said he wouldn't renominate him so he would be forced out at the beginning of 2026. Biden seems to like him and Powell has said he would stick around with Biden for another term. 

Even for a little drop, they now need to have balls, which they clearly don't have. 

Coinsreporter

Yep! For the Fed they get one piece of "good" info that would let them start lowering them but its followed up immediately by five data points pointing at how that is just not the case. The one thing that I do wonder is if they end up biting the bullet at do a 25 basis point cut just so that they can say they did something since a 25-point cut isn't going to affect the economy to significantly. 

Cje95

econ

Retail sales jumped 0.7% in March, much higher than expected

I've been saying that again and again. Fed isn't going to decrease anytime soon and retail sales up 0.7% won't let them do it. 