#FOMCMeeting Press conference of Chairman Jerome Powell: 2:30 AM on May 8 according to Hanoi time

📊 Economic outlook and interest rate decision

Current interest rate: 4.25%–4.50% (maintained since December 2024)

Recent economic data:

Previous quarter GDP: Decreased by 0.3%

Employment: Added 177,000 jobs in April

Inflation: Core PCE index increased by 2.6% compared to the same period last year

Despite the decline in GDP, the labor market remains stable. However, President Trump's new tax policies have raised concerns about the possibility of a recession. The Fed is expected to maintain interest rates in this meeting and may consider cutting rates by the end of the year, depending on further economic developments.