#FOMCMeeting O Federal Open Market Committee (FOMC) begins today, May 6, 2025, its two-day meeting, with a decision on interest rates tomorrow, May 7, at 2 PM (ET). The expectation is that rates will remain between 4.25% and 4.50%, due to inflationary pressures from tariffs imposed by Trump and slow economic growth. Jerome Powell, the Fed chair, faces political pressure for interest rate cuts, but is expected to remain cautious, awaiting more economic data. Powell's press conference at 2:30 PM (ET) will be crucial for signals on future monetary policies. Global markets are watching closely, as the decisions impact currencies, stock markets, and inflation.