[REPOST] NEWSQUAWK PREVIEW: FOMC decision due Wednesday 4th May 2022 at 19:00BST/14:00EDT; Powell presser at 19:30BST/14:30EDT

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• The FOMC is seen lifting its target Fed Funds Range by 50bps to 0.75-1.00% in its second hike post-COVID.
• The Fed is also set to formally announce its balance sheet reduction plans with maximum monthly caps expected at USD 60bln and 35bln of Treasuries and MBS.
• Powell's Presser/Q&A will be key for guidance on the rate path to neutral and potentially beyond.