#FOMCMeeting The Federal Open Market Committee (FOMC) is convening its third scheduled meeting of 2025 on May 6ā7. This meeting holds significant weight as the Federal Reserve navigates a complex economic landscape marked by inflationary pressures, trade policy uncertainties, and political dynamics.
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š Key Facts About the FOMC
What is the FOMC?
The FOMC is the monetary policymaking body of the U.S. Federal Reserve System. It comprises 12 voting members: the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining 11 Reserve Bank presidents who serve one-year terms on a rotating basis.
Meeting Frequency:
The FOMC typically meets eight times a year to assess economic conditions and determine appropriate monetary policy actions.
Current Federal Funds Rate:
As of the last meeting, the target range for the federal funds rate stands at 4.25% to 4.50%.
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š Economic Context and Expectations
In recent months, the U.S. economy has exhibited mixed signals. While the labor market remains relatively robust, with 177,000 jobs added in April, the first quarter saw a 0.3% contraction in GDP. Additionally, inflationary pressures persist, partly due