Biden administration waits for updates on potential US interest rate hike. Despite market expectations of a rate hike announcement, the White House remains tight-lipped about any plans to increase interest rates. The situation comes after President Joe Biden met with Federal Reserve Chairman Jerome Powell in Washington D.C. on Tuesday, known as “Blink Wednesday”. Market players were hoping for some clarity on future monetary policy but so far, nothing has been announced.
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Source: https://www.bloomberg.com/news/newsletters/2025-04-10/what-comes-next-after-trump-s-blink-wednesday