The Federal Reserve releases minutes from the April 29 FOMC meeting today, May 20, 2026. This record documents Jerome Powell’s final meeting as Chair. The session produced four dissenting votes, the highest number since 1992.
Policymakers remain deeply divided over interest rate paths as Kevin Warsh assumes the Chairmanship. April inflation reached 3.8%. Futures markets currently price in a minimal probability of a rate cut this year.
Some analysts anticipate a potential rate hike by September. These details will shape monetary policy expectations and the valuation of financial institutions within the XLF.