#FOMCMeeting

The Federal Open Market Committee (FOMC) is concluding its two-day policy meeting today, May 7, 2025. The interest rate decision is scheduled for release at 2:00 PM Eastern Time (ET), followed by a press conference with Federal Reserve Chair Jerome Powell at 2:30 PM ET. In Jakarta time, these correspond to 1:00 AM and 1:30 AM on May 8, respectively.

The consensus among analysts and traders is that the Fed will maintain the federal funds rate at its current range of 4.25% to 4.50%. The CME FedWatch Tool indicates a 94% probability of no rate change.

Despite a 0.3% contraction in Q1 GDP and rising jobless claims, the Fed is expected to adopt a cautious stance, monitoring the economic effects of recent tariff policies and inflation trends.

Analysts suggest that a dovish tone from Chair Powell, indicating potential future rate cuts, could bolster cryptocurrency prices. Conversely, a hawkish stance may exert downward pressure on the market.