#FOMCMeeting

#FOMCMeeting Fed Holds Rates Steady at 4.25%–4.5%, All Eyes on Powell’s Remarks

Today (May 7), the U.S. Federal Reserve is expected to hold interest rates steady at 4.25%–4.5%, with a 97% probability according to market forecasts. Investors are closely watching Fed Chair Jerome Powell’s press conference at 2:30 PM EST for hints about future monetary policy direction.

This decision comes amid political pressure from Donald Trump for rate cuts and growing concerns over inflation, job growth, and potential new tariffs on Chinese imports.

Meanwhile, Bitcoin is hovering around $96,966, up 2.89% in the past 24 hours. The crypto market is bracing for volatility following Powell’s comments.