#FOMCMeeting

The Federal Open Market Committee (FOMC) meeting is happening today, May 6, and concludes tomorrow, May 7. Here's what you need to know ¹:

- *Meeting Details*: The FOMC will release its latest policy statement at 2 pm EST on Wednesday, May 7, followed by a press conference with Fed Chair Jerome Powell at 2:30 pm EST.

- *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.

- *Tariffs and Economy*: Powell will likely address President Trump's tariffs and their potential impact on the economy. Some experts believe the tariffs could lead to higher inflation and lower growth.

- *Rate Cuts*: While a rate cut is unlikely this week, markets expect a July rate cut, with a 56% probability of a 25-basis-point reduction.

- *Economic Impact*: The meeting's outcome could influence the economy, stock market, and your investments. Keep an eye on Powell's press conference for clues on future monetary policy decisions.

Some notable insights from experts ¹:

- *Marc Giannoni*, chief US economist at Barclays, expects the Fed to acknowledge the impact of tariffs on inflation and growth but keep rates unchanged.

- *Warren Buffett* believes trade wars can lead to negative outcomes and advocates for global trade, allowing countries to specialize in what they do best.

- *Matt Mena*, crypto research strategist at 21Shares, thinks a positive mention of crypto by Powell could boost bitcoin's price.