#FOMCMeeting The Federal Open Market Committee (FOMC) is currently holding its scheduled meeting on May 6–7, 2025. The committee is expected to announce its policy decision on Wednesday, May 7, at 2:00 PM Eastern Time (9:00 PM Riyadh time), followed by a press conference with Federal Reserve Chair Jerome Powell at 2:30 PM ET (9:30 PM Riyadh time) .

What to Expect

Analysts widely anticipate that the Fed will maintain its benchmark interest rate at the current range of 4.25%–4.5%. This decision comes amid mixed economic indicators:

Economic Growth: The U.S. economy contracted by 0.3% in the first quarter of 2025.

Labor Market: April's jobs report showed the addition of 177,000 jobs, with the unemployment rate holding steady at 4.2%.

Inflation: The Personal Consumption Expenditures (PCE) index, the Fed's preferred inflation gauge, has seen a slight uptick, complic