Today, May 6, 2025, the two-day FOMC meeting has started. The Federal Reserve is expected to maintain the rate at 4.25%–4.50%, holding a cautious position due to uncertainty in the global economy. Investors are focused on comments from Jerome Powell, which may provide signals regarding potential rate cuts in June or July. The market is looking for signs of a tone shift — from "wait-and-see" to gradual easing of policy. Attention will be paid to forecasts regarding inflation, GDP, and the labor market, which will impact the stock, bond, and US dollar markets.