#FOMCMeeting

The Federal Open Market Committee (FOMC) meets once again this week to assess the health of the economy and potentially adjust the federal funds rate.

Following a series of interest rate hikes between March 2022 and July 2023, the Federal Reserve kept its benchmark rate steady for over a year. However, in September 2024, it announced a 50 basis point cut. It lowered its target rate by another 25 basis points in November and again in December. Since then, the Federal Reserve has maintained its target range between 4.25% and 4.50%.

When is the next Fed meeting?

The next FOMC meeting is scheduled for May 6 and 7, 2025. This will be its third scheduled meeting this year; the Fed has five more meetings scheduled for the remainder of 2025.

Once the meeting concludes, the FOMC will release its monetary policy decisions at 2:00 PM Eastern Time. Subsequently, the Fed Chair will hold a press conference at 2:30 PM.

Live press conferences by Federal Reserve Chair Jerome Powell are broadcast live and recorded. Additionally, the minutes from regularly scheduled meetings are published three weeks after the monetary policy decision date.