0848 GMT - U.S. rates investors are unlikely to take much from Wednesday's Federal Reserve meeting and will let future data do the talking, BNP Paribas Markets 360's James Egelhof and Guneet Dhingra say in a note. Chair Jerome Powell discussed the "heightened uncertainty" that plagues both of the Fed's mandates--maximum employment and stable prices. Most investor conversations recently have centered around whether data continue to stay resilient for some time and where the risks of a labor market slowdown materialize, they say. Resilient data would suggest no rate cuts this year, but if risks to the labor market emerge then the Fed could lower rates. Egelhof is BNP's chief U.S. economist and Dhingra is head of U.S. rates strategy. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 04:48 ET (08:48 GMT)
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