#FOMCMeeting The Federal Open Market Committee (FOMC) is currently holding its scheduled two-day meeting on May 6–7, 2025. The policy decision is expected to be announced on Wednesday, May 7, at 2:00 p.m. Eastern Time (11:00 p.m. Pakistan Standard Time), followed by a press conference with Fed Chair Jerome Powell at 2:30 p.m. ET (11:30 p.m. PKT) .

What to Expect from the May FOMC Meeting

The Fed is widely anticipated to maintain the current federal funds rate at 4.25%–4.50%. Despite calls from President Trump and some investors for rate cuts to stimulate economic growth, the central bank is expected to adopt a cautious approach. Recent data, such as a 0.3% GDP contraction in Q1 and rising jobless claims, indicate economic softening. However, inflationary pressures, partly due to new tariffs, remain a concern .