The Federal Reserve is expected to keep monetary policy unchanged during its April 2021 meeting, with the fed funds rate at 0-0.25% and bond-buying at a $120 billion monthly pace. Fed Chair Powell is unlikely to provide any indication about future tapering as the central bank will reduce bond purchases only when it sees substantial further progress in the economy. Still, policymakers are expected to acknowledge the improving economic recovery. Investors will also keep an eye on any hike in the interest rate it pays on excess reserves (IOER) and overnight reverse repurchase agreements as Repo and Treasury bill rates have been around zero.