Fed Watch: Still Waiting

Basis Points · May 7, 2025 · 3m

Once again, the Fed decided to keep rates unchanged at today’s FOMC meeting, leaving the Fed Funds trading range at 4.25%–4.50%. This week on Basis Points, Kevin Flanagan explains why resilient job data and tariff-driven noise are keeping Powell & Co. in wait-and-see mode on policy moves.Basis Point: 1/100th of a percent.