Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
Indian Government Bonds Seen Opening Steady Ahead of RBI Policy Decision 
Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions 
AI Memory Boom Sparks Global Chip Supply Crunch 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Indonesia Plans Higher Asset Yields to Boost Rupiah and Restore Investor Confidence 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
No Emergency Fed Meeting Today
In contrast to speculation, the Federal Reserve is not holding an emergency meeting today, April 7, 2025. Instead, the Board of Governors is conducting a regularly scheduled closed meeting at 11:30 AM Eastern Time to discuss advance and discount rates imposed by Federal Reserve Banks. The meeting is according to the normal Fed schedule despite volatile markets and President Trump's tariff revelations.
Market Expects Aggressive Rate Cuts
The market is pricing in hopes for more profound monetary policy loosening, as investors are anticipating five interest-rate reductions by the end of 2025. The possibility of an emergency rate reduction in a week also has a 40% chance. This measures strong market expectation of a softer Federal Reserve stance in light of economic uncertainty.
Powell Signals Cautious Approach
Despite market expectations of sharp rate reductions, Federal Reserve Chairman Jerome Powell signaled preference to alter rates only when absolutely necessary. The next Federal Open Market Committee (FOMC) meeting, under which potential policy changes are set to be discussed, is on May 6-7. This also suggests a relatively more conservative and data-driven stance by the Fed, which damps expectations of immediate and immediate policy response.
