Chairman Jerome Powell and his fellow central bankers will want to signal that it's important to continue the fight to bring down inflation.
and his fellow central bankers will want to signal that while they are attuned to the financial sector upheaval, it's important to continue the fight to bring down inflation.
Goldman Sachs is one of the most high-profile forecasters seeing no change in rates, as it expects central bankers in general "to adopt a more cautious short-term stance in order to avoid worsening market fears of further banking stress.""This might be one of those times where there's a difference between what they should do and what I think they will do. They definitely should not tighten policy," said Mark Zandi, chief economist at Moody's Analytics.
"The recent market turbulence stemming from distress in several regional banks certainly calls for more caution, but the robust action by policymakers to trigger systemic risk exceptions … is likely to limit fallout," Bank of America economist Michael Gapen said in a client note. "That said, events remain fluid and other stress events could materialize between now and next Wednesday, leading the Fed to pause its rate hike cycle.
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