#FOMCMeeting ๐๐ฅ๏ธ**๐จ FOMC MEETING ALERT: RATES AT 23-YEAR HIGHS โ WHATโS NEXT? ๐๐ฐ**
The Fedโs **May 6-7 meeting** is here, and the stakes are high. Hereโs what every trader needs to watch:
### **๐น Key Expectations**
- **Rates likely unchanged at 5.25%-5.50%** (23-year high, same as March).
- **Dot Plot & Guidance**: Will the Fed stick to its **2024 rate-cut forecast** (3 cuts expected), or delay due to sticky inflation?
- **Powellโs Tone**: Dovish hints = market rally ๐; hawkish hold = short-term dip.