The Federal Reserve’s May 7 FOMC meeting as widely expected, the central bank will keep its benchmark interest rate steady at 4.25%–4.50%. Despite mounting pressure from President Trump for immediate cuts, the Fed is holding off, citing ongoing economic uncertainty and the need for more data-especially with mixed signals from GDP and job growth, and the unpredictable impact of recent tariffs.

While today’s decision may disappoint some market watchers hoping for a rate cut, the Fed hinted at possible reductions later this year, with projections suggesting two quarter-point cuts could be on the table if economic conditions warrant. Investors and analysts are now focused on Chair Powell’s press conference for clues about the timing and scale of any future moves.

With inflation still above target and growth forecasts revised down, the path forward remains uncertain, but markets are already pricing in cuts for the summer or fall. Stay tuned for updates as the Fed navigates this challenging economic landscape!#FOMCMeeting