Squawk Box anchors discuss the Federal Reserve’s decision to hold rates. US stocks slide after Chair Jerome Powell says low inflation is “transitory”, dampening prospects of a rate cut.In Beijing, US Treasury Secretary Steven Mnuchin boosts hopes of a US-China trade deal following talks yesterday. CNBC has learned that an agreement could come as early as next Friday. BNP Paribas Q1 net profits are up by more than a fifth off the back of better-than-expected revenues. The bank says it remains on course to hit its 2020 targets. Earnings for Dutch lender ING, Danish brewer Carlsberg and online retail giant Zalando are also released.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.