#FOMCMeeting After the conclusion of the two-day meeting, the FOMC will announce its policy decisions at 2 PM Eastern time on May 7 (11:30 p.m. IST
The United States Federal Open Market Committee (FOMC) is holding its scheduled meeting on May 6-7. This meeting of the US Federal Reserve, led by Jerome Powell, will evaluate current economic conditions of the world’s most powerful economy.
During this session, FOMC will consider whether changes to the interest rates are necessary, which could impact the direction of the US monetary policy. The current rates of 4.25% to 4.5% remain unchanged since December 2024.
The FOMC typically meets eight times annually to discuss matters related to US inflation and interest rates. However, this will be one of the most closely watched Fed outcomes, particularly by the US President Donald Trump, who wants the rates to be slashed, according to reports.