FOMC Meeting:
The Federal Open Market Committee (FOMC) is currently holding its scheduled two-day policy meeting on May 6–7, 2025. The market widely anticipates that the Federal Reserve will maintain its benchmark interest rate at the current range of 4.25% to 4.50%, consistent with expectations.
Fed Chair Jerome Powell is expected to release the official statement on May 7 at 2:00 p.m. ET, followed by a press conference at 2:30 p.m. He's likely to strike a careful tone—acknowledging economic risks but avoiding clear commitments.
In the cryptocurrency market, as of May 6, 2025, BNB is trading at $595.36, reflecting a slight decrease of 0.11%. Bitcoin (BTC) is at $93,905.00, down 0.49%, and Ethereum (ETH) stands at $1,773.70, down 1.78%. These movements suggest a cautious market sentiment ahead of the Fed's announcement.
FOMC Meeting Update – May 6–7, 2025
Current Federal Funds Rate: 4.25%–4.50%
Market Expectation: 97% probability of no rate change
Decision Announcement: May 7 at 2:00 PM ET (11:00 PM PKT)
Press Conference: May 7 at 2:30 PM ET (11:30 PM PKT)
Cryptocurrency Market Snapshot:
Bitcoin (BTC): $93,873 (-0.53%)
Ethereum (ETH): $1,773.70 (-1.78%)
BNB: $595.29 (-0.15%