#美联储FOMC会议

The Federal Reserve's Federal Open Market Committee (FOMC) held its latest monetary policy meeting from May 6 to 7, 2025. According to current market expectations, the federal funds rate is expected to remain between 4.25% and 4.5%, with no adjustments anticipated.

Despite a surprising 0.3% contraction in the U.S. gross domestic product (GDP) in the first quarter of 2025 and inflation concerns triggered by President Trump's aggressive tariff policies, FOMC officials broadly support maintaining the current interest rate level. The April employment report indicates that the labor market remains strong, but the rise in unemployment claims also reflects uncertainty about the economic outlook.

The market generally expects that the Federal Reserve may consider a rate cut at the July meeting, while the likelihood of a rate cut in June is diminishing. President Trump has publicly criticized Federal Reserve Chairman Powell and called for an immediate rate cut, citing falling inflation and strong employment. However, the Federal Reserve remains focused on balancing the risks of inflation and employment, especially in the context of escalating trade tensions.

Other central banks around the world, such as the Bank of Japan and the Bank of England, are also taking a cautious approach in dealing with trade-related uncertainties. Financial markets are showing volatility, with the S&P 500 index recovering from early losses. Analysts expect Chairman Powell to discuss the complex macroeconomic situation, including the potential impacts of tariffs and labor market trends, at the press conference on May 7.