The Federal Reserve's May 6–7, 2025, FOMC meeting concluded with no change to the federal funds rate, which remains at 4.25%–4.5%. Despite President Trump's calls for immediate rate cuts, the Fed maintained its cautious stance, citing ongoing inflation concerns and economic uncertainties stemming from recent tariff policies. While the labor market shows resilience, with 177,000 jobs added in April, the economy contracted by 0.3% in Q1, reflecting mixed signals. Market expectations now lean toward a potential rate cut in July, contingent on further economic data. Fed Chair Jerome Powell emphasized the need for patience, indicating that future decisions will be data-dependent. #FOMCMeeting