Powell's Final FOMC Sees Most Dissents In 34 Years As Fed Keeps Rate Unch (As Expected) Since the last FOMC meeting (on March 18), gold has been clubbed like a baby seal ("EM piggy bank") while stocks and oil have surged (with the former ignoring the peril of the latter)... During that time, Fed rate-change expectations have swung violently from a full rate-cut to a full rate-hike and fallen back to no change at all in 2026, notably (hawkishly) rising in the last few days as ...