The market calmly awaits the Federal Reserve interest rate decision, and the US bond market stabilizes.

As investors turn their attention to the interest rate decision to be announced by the Federal Reserve later this week, US bonds remain stable. As of the time of writing, the yield on the benchmark 10-year US Treasury bond is at 4.32%; the yield on the 2-year US Treasury bond is at 3.805%, a decrease of about 3 basis points. The market is eagerly anticipating the interest rate decision to be announced by the Federal Reserve on Wednesday. According to the CME Group's "FedWatch" tool, traders are expecting a probability of over 98% that the Federal Reserve will maintain interest rates unchanged this week. At the same time, the market is eagerly looking for hints about the future direction of interest rates from the Federal Reserve's policy statement and from Federal Reserve Chairman Powell's speech at the subsequent press conference. US President Trump has been pressuring the Federal Reserve to lower rates in recent times and has even threatened to dismiss Powell - although he later stated that he has no intention of firing him. In terms of economic data, the final value of the April S&P Global Services PMI, the April ISM non-manufacturing PMI, the initial jobless claims in the US for the week ending May 3rd, and the 1-year inflation expectations from the New York Fed for April will be announced. Additionally, later this week, New York Fed President Williams, Fed Governor Brainard, and Fed Governor Quarles will be delivering speeches.