#FOMCMeeting The next FOMC (Federal Open Market Committee) meeting will be on May 6–7, 2025. The Federal Open Market Committee (FOMC) meets eight scheduled times a year to discuss and set monetary policy, and its decisions have a major impact on financial markets, mortgage rates, and economic growth.

Because the Fed sees little urgency to lower interest rates until there are clearer signs that the labor market is in jeopardy, a June cut looks increasingly improbable. Traders in federal funds futures markets now wager the Fed will reduce rates in July and deliver around four quarter-point cuts this year.