Markets on edge with Fed’s Powell set to speak next

Fed Chairman Jerome Powell is set to speak at the bottom of the hour. Ahead of that, the market is pricing in a 16% chance of a cut in May and a 76% chance of a cut in June.

Waller made a dovish shift this week but other Fed officials have been preaching patience and not looking through tariff price shocks.

This article was written by Adam Button at www.forexlive.com.