1411 GMT - The dollar could show little reaction if the Federal Reserve keeps interest rates steady Wednesday and reiterates a message of patience regarding future moves, TD Securities strategists say in a note. "With geopolitical uncertainty remaining high and data not justifying a need for the Fed to act imminently, market reaction to the Fed meeting and statement should be muted," they say. The focus will be on Fed Chair Jerome Powell's press conference and how he addresses any questions about his tenure and possibility of staying on in the interim. Most scenarios under a transition led by Fed Chair nominee Kevin Warsh skew moderately dollar negative due to lingering questions over his independence compared to Powell, they say. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

April 24, 2026 10:11 ET (14:11 GMT)

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