On May 7, the Federal Reserve is widely expected to hold interest rates steady despite a weakening economic outlook due to uncertainty over tariff policy and inflation that remains above the Fed's 2% target. Bloomberg Intelligence expects Fed Chair Jerome Powell to lean hawkish at the news conference. Bloomberg's special coverage of "The Fed Decides" starts at 1:30 pm, with the decision at 2 pm, followed by Powell's press conference at 2:30 pm ET.

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