#FOMCMeeting The Federal Open Market Committee (FOMC) is currently holding its scheduled meeting on May 6–7, 2025. The policy decision will be announced on May 7 at 2:00 p.m. EST (11:30 p.m. IST), followed by a press conference with Fed Chair Jerome Powell at 2:30 p.m. EST (midnight IST) .

What to Expect from the May FOMC Meeting

Markets overwhelmingly anticipate that the Federal Reserve will maintain its benchmark interest rate at the current range of 4.25%–4.50%. According to CME Group’s FedWatch tool, there's a 99% probability of no rate change at this meeting .

This decision comes amid mixed economic signals:

Labor Market: April saw an addition of 177,000 jobs, indicating continued strength .

GDP: The first quarter experienced a contraction of 0.3% .