#FOMCMeeting As of now (May 7, 2025), the Federal Reserve System of the United States (Fed) is holding a two-day meeting of the Federal Open Market Committee (FOMC), which will conclude today.

🔍 Key expectations from the meeting:

• The rate will remain unchanged: According to CME FedWatch data, the probability of a rate cut at this meeting is estimated at just 3%.

• Jerome Powell's press conference: The Fed Chair will hold a press conference at 20:30 Central European Time, where he may shed light on future plans for monetary policy.

📊 Economic situation:

• GDP decline: In the first quarter of 2025, the US GDP unexpectedly contracted by 0.3%, raising concerns among economists.

• Labor market: Despite the GDP decline, 177,000 jobs were created in April, indicating labor market stability.

• Inflation: The core personal consumption expenditures (PCE) price index rose by only 0.1% in March, indicating a slowdown in inflation.