The meeting of the U.S. Federal Open Market Committee (FOMC) is taking place over two days, May 6–7, 2025, with a decision on interest rates expected to be announced at 2:00 PM (ET) on May 7, followed by a press conference from Fed Chair Jerome Powell at 2:30 PM (ET) the same day.
🔍 Interest Rate Policy Forecast
• Maintain interest rates: According to the CME FedWatch tool, there is a 94% chance that the Fed will keep interest rates unchanged in the range of 4.25%–4.50% at this meeting.
• Pressure from the White House: President Trump continues to call for the Fed to cut interest rates, but Chair Powell is expected to oppose these demands at the press conference, emphasizing the need to control inflation and maintain the Fed's independence.