#FOMCMeeting The Federal Open Market Committee (FOMC) meeting is currently underway, scheduled to conclude on Wednesday, May 7. Here's what you need to know¹:

- *Interest Rate Decision*: The FOMC is expected to hold interest rates steady at 4.25%-4.50%, with a 97.3% probability of no rate change, according to CME FedWatch.

- *Economic Impact*: The meeting's outcome will provide insights into the US economy's performance and potential future monetary policy decisions.

- *Tariffs and Inflation*: Fed Chair Jerome Powell may address President Trump's tariffs and their potential impact on inflation and economic growth.

- *Rate Cut Expectations*: While a rate cut is unlikely this week, markets expect a 29.4% chance of a 25-basis-point cut in June, down from 60.5% last week.

- *Future Projections*: Some economists anticipate two quarter-point rate cuts by year's end, citing economic uncertainty and policy changes.

*Key Discussion Points:*

- *Economic Growth*: The FOMC will likely discuss the current state of economic growth, employment, and inflation.

- *Monetary Policy*: The committee will determine the appropriate stance of monetary policy, considering factors like trade tensions and global economic trends.

- *Tariff Impact*: Powell's press conference may provide insights into the Fed's views on tariffs and their potential effects on the economy.²