Welcome to another installment of Behind the Curtain, where experts at BNY Investments share insights on the Federal Reserve’s (Fed’s) latest actions.
This webcast features Vincent Reinhart, former Fed staffer and chief economist for BNY Investments, John Tobin, chief investment officer of BNY Investments Dreyfus, and Eric Hundahl, Head of BNY Investment Strategy and Models.
In this edition of Behind the Curtain, we cover:
- The Federal Open Market Committee (FOMC) kept rates unchanged, but the meeting signaled that the bar for cuts has risen as inflation remains sticky and the economy continues to show resilience.
- Visible dissents underscored a more active debate within the committee, though the majority still appears inclined toward easing eventually if inflation and uncertainty begin to recede.
- Markets have adjusted to a higher-for-longer backdrop, supporting the case for cash and short-duration assets as it appears investors seek yield and flexibility amid ongoing geopolitical and policy uncertainty.
The webinar was first broadcast on April 30, 2026.
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