The Federal Reserve wraps up its latest FOMC meeting today, with markets laser-focused on the 2 p.m. EST announcement and Chair Jerome Powell’s press conference at 2:30 p.m. EST
Analysts overwhelmingly expect the Fed to keep its benchmark interest rate steady at 4.25%–4.50%-the third consecutive meeting without a change Futures markets put the odds of a rate hold at over 97%, reflecting persistent inflation concerns and recent strong jobs data
Investors are watching for any hints about the timing of future rate cuts. While a move today is highly unlikely, speculation is building for a possible reduction as soon as June, though those odds have recently dropped to below 30% Powell is expected to address ongoing economic uncertainty, including the impact of new tariffs and mixed signals from the labor market
The central bank’s policy statement and Powell’s comments could move markets if they signal a shift in the outlook for inflation or employment. For now, borrowers and investors should expect rates to stay put-at least until the next meeting.
