#USHouseMarketStructureDraft The Federal Open Market Committee (FOMC) meeting is currently underway, with the meeting concluding on Wednesday, May

Interest Rate Decision : The FOMC is expected to hold interest rates steady at 4.25%-4.50%, with a 97.3% probability of no rate cut, according to 30-day federal funds rate futures prices.

Tariff Impact : Fed Chair Jerome Powell will likely face questions about President Trump's tariffs and their potential impact on the economy. Powell has previously stated that the level of tariff increases announced so far is "significantly larger than anticipated" and could lead to a "challenging scenario" for the central bank.

Economic Outlook : The FOMC statement and Powell's press conference will provide insights into the Fed's views on the economy, inflation, and employment. Economists expect the Fed to acknowledge the uncertainty surrounding tariffs and their potential impact on growth and inflation.

Rate Cuts : While no rate cut is expected this week, the probability of a 25 basis point cut in June has fallen to 29.4% from 60.5% a week ago. Some economists anticipate two quarter-point rate cuts by year's end.

Market expectations and reactions:

Stock Market : The S&P 500 recently ended its winning streak, but some analysts expect it to continue its growth.

Gold Prices : Gold prices are extending their recovery rally amid a bearish sentiment around the US dollar and escalating geopolitical tensions.