Analysis: Powell may follow in the footsteps of his predecessor with a "hawkish farewell"; the market expects the Federal Reserve (FED) to maintain interest rates stable in June and July.

BlockBeats News: On June 18, Nicholas Colas, co-founder of DataTrek Research, noted that the likelihood of Fed Chair Jerome Powell announcing a rate cut after this week’s policy meeting is extremely low, in line with the pattern of his previous three chairs stepping down. The past three chairmen, Alan Greenspan, Bernanke and Janet Yellen, have all ended their terms on hawkish notes. Powell is continuing this tradition, seeking to maintain his anti-inflation credibility and political independence when he leaves office. The market expects the Fed to keep interest rates steady in June and July, but is likely to communicate its intentions this week by revising its economic and interest rate forecasts. The data shows that the S&P 500 rose by an average of 16% in the last 12 months of the last three Fed chairs. (Golden Ten)