#FOMCMeeting The Federal Open Market Committee (FOMC) is currently holding its scheduled two-day meeting on May 6–7, 2025. The policy decision will be announced on Wednesday, May 7, at 2:00 p.m. Eastern Time (6:00 p.m. UTC), followed by a press conference with Federal Reserve Chair Jerome Powell at 2:30 p.m. ET (6:30 p.m. UTC).

What to Expect from This Meeting

The federal funds rate is expected to remain unchanged at its current range of 4.25%–4.50%. Market expectations for a rate cut at this meeting are minimal, with only a 3.1% chance according to the CME Group’s FedWatch tool.

Recent economic indicators present a mixed picture. While the April jobs report showed strength, revisions to prior months' data and other reports like the Fed’s Beige Book suggest a softening labor market. Additionally, the economy experienced a 0.3% contraction in Q1 GDP, and concerns about stagflation—simultaneous high inflation and