Institution: As the Federal Reserve meeting approaches, the market is waiting for Powell's views on interest rates and the economy.

Danish bank analysts stated in a report that the market expects the Federal Reserve to keep interest rates unchanged at its meeting on Wednesday, shifting the focus to Federal Reserve Chairman Jerome Powell's views. They said: "Therefore, all eyes will be on Jerome Powell, focusing on his personal views on interest rates and the country's economy, as well as any changes he may make to existing practices." They added that even though Powell is considered part of the more dovish camp on the FOMC, the distribution of individual interest rate forecasts may shift higher than in March.