#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, the new tax policies of President Trump have raised concerns about the possibility of recession. The Fed is expected to keep interest rates unchanged in this meeting and may consider cutting rates by the end of the year, depending on further economic developments.