FOMC Preview: No Rate-Cut As Fed Waits For Clarity

The latest Federal Reserve rate decision will be announced on Wednesday 7th May at 19:00BST/14:00EDT, with Chair Powellʼs press conference starting 30 minutes later. We will not get an updated Summary of Economic Projections (SEPs) at this confab and will have to wait until the June meeting for updated forecasts. 

The central bank is widely expected to keep rates unchanged at 4.25- 4.50% after the stronger-than-expected April jobs report.