#FOMCMeeting

very special news today

The Federal Open Market Committee (FOMC) meeting is currently underway, concluding on Wednesday, May 7, with the central bank's latest policy decision. Here's what's happening:

- *Interest Rate Decision*: The FOMC is expected to hold interest rates steady at 4.25%-4.50%, with a 97.3% probability, according to 30-day federal funds rate futures prices.

- *Powell's Press Conference*: Fed Chair Jerome Powell will begin his press conference at 2:30 pm EST on Wednesday, May 7, where he'll likely address the economic impact of President Trump's tariffs and the central bank's policy decisions.

- *Tariffs and Economy*: Powell may face questions about the potential effects of Trump's aggressive tariff policy on the economy, inflation, and employment. Some experts believe the tariffs could lead to higher inflation and lower growth.

- *Market Expectations*: Markets expect the Fed to hold rates unchanged this time around, but some predict potential rate cuts later in the year. The probability of a 25 basis point move lower at the June 17-18 Fed meeting has fallen to 29.4% from 60.5% one week ago.

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