#美联储FOMC会议 : Stable Monetary Policy and Economic Outlook

From May 6 to 7, 2025, the U.S. Federal Open Market Committee (FOMC) will hold its third annual meeting to discuss monetary policy and economic prospects. The market generally expects the federal funds rate to remain in the range of 4.25%-4.5%, marking the second pause in adjustments following three consecutive rate cuts in December 2024. Federal Reserve Chairman Jerome Powell will announce the policy decision at 2 PM on May 7, following the meeting, and hold a press conference at 2:30 PM to articulate the FOMC's views on the economy.

Recent data shows that the U.S. labor market is robust, with non-farm employment growth maintaining above 2 million per year, and the unemployment rate stable at low levels. However, the inflation rate remains above the 2% target, and Trump's tariff policy adds to economic uncertainty. The FOMC emphasizes that it will make cautious decisions based on data, balancing the dual mandate of employment and price stability. The market expects Powell to maintain a 'neutral to hawkish' tone, suggesting that interest rate cuts are unlikely in the short term, but may signal potential rate cuts for the June meeting.

This meeting has far-reaching implications for global financial markets, with investors closely monitoring any policy clues in Powell's remarks. Despite the delayed expectations for rate cuts, stable monetary policy continues to support the economy, and the role of the U.S. as the global economic engine remains solid.