From Yahoo Finance: 2025-05-05 08:00:00

The Federal Open Market Committee (FOMC) is meeting this week to assess the economy and potentially adjust the federal funds rate. After several rate hikes, the Fed announced 50 basis point cuts in September, November, and December 2024. The next meeting is scheduled for May 6-7, 2025, with five more meetings planned for the year.

The Fed is expected to keep the federal funds rate steady this week. Economic indicators show solid expansion, stable unemployment, but elevated inflation. Experts predict more rate cuts in 2025, so consider locking in high CD rates and strategically timing large expenses. Refinancing loans may be beneficial after future rate cuts.

Tune into live news conferences with Fed Chairman Jerome Powell for insights on economic decisions. Understanding Fed meetings can help inform your financial choices. Minutes from meetings are released three weeks after the policy decision. Stay informed to make more educated financial decisions based on the Fed’s actions.



Read more at Yahoo Finance: When does the next Fed meeting take place?