#FOMCMeeting

The Federal Open Market Committee (FOMC) meeting is currently underway, scheduled to conclude on May 7. Here's what you need to know ¹:

- *Meeting Schedule*: The FOMC meeting starts at 12:00 pm on May 6 and concludes on May 7, with the interest rate decision announcement expected at 6:00 pm.

- *Interest Rate Decision*: The FOMC is likely to hold interest rates steady at 4.25%-4.50%, with traders pricing in a 97.3% probability of no rate change.

- *Tariff Impact*: Fed Chair Jerome Powell will likely address the impact of President Trump's tariffs on the economy, which may influence future monetary policy decisions.

- *Economic Outlook*: The FOMC statement and Powell's press conference may provide insights into the Fed's views on inflation, employment, and economic growth, given the current uncertainty surrounding trade policies.

*Market Expectations*

- *June Rate Cut Odds*: The probability of a 25 basis point rate cut in June has fallen to 29.4% from 60.5% a week ago.

- *July Rate Cut*: Markets expect a roughly 56% chance of a rate cut in July, with some strategists predicting potential rate cuts later in the year ².