Macro Economic Update on May 8

- Federal Funds Rate (1h)

The Fed is almost certain to maintain the interest rate at 4.5% during the meeting with the possibility of rate cuts in June or December 2025 if the economy weakens.

-FOMC Statement (1h)

The statement will maintain a cautious tone, emphasizing the uncertainty from tariffs, the strength of the labor market, and slightly high inflation.

-FOMC Press Conference (1h30)

Powell will avoid making specific commitments, emphasizing dependence on economic data and the Fed's independence from pressure from Trump.

The market is expected to be highly volatile as the FOMC press conference starts at 1:30 PM. Long/Short should be cautious during these timeframes.