FEMACRO
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FIRST (Second Part) "EL CIERRE DE WALL STREET" from NYSE FLOOR

Episode summary

From the trading floor of the New York Stock Exchange, FEMACRO correspondent Victor Hugo delivers live coverage moments before and immediately after the Federal Reserve's highly anticipated interest rate decision. With just minutes remaining before the announcement, market participants are described as being in a state of "tense calm," awaiting not just the decision itself but the critical language the Fed will use regarding future policy direction. Despite a 99% probability that rates would hold steady, traders are particularly focused on the Fed's messaging amid rising inflation concerns, including a sharp increase in used car prices that underscores persistent inflationary pressures. The question of whether June might bring a rate cut, especially given mounting pressure from President Trump, looms over the proceedings.

The decision arrives as expected: the Federal Reserve holds interest rates in the 4.25 to 4.50 percent range, with Chairman Powell standing firm against White House pressure. The vote is unanimous among FOMC members, a clear signal of institutional independence. Market reaction is measured, with futures showing modest gains as traders process the Fed's resolve. Victor Hugo describes active buying interest on the floor despite ongoing geopolitical uncertainties and the escalating trade tensions with China that dominated Trump's earlier remarks. The correspondent notes an intriguing dynamic where persistent negative headlines have not deterred institutional buyers, suggesting pent-up potential should any breakthrough emerge from White House negotiations. The market now awaits Powell's press conference and the anticipated response from President Trump.