10 months ago
Fed rate decision, FOMC statement, and oil data in focus Wednesday
As traders approach another pivotal day for financial markets, a series of crucial decisions and economic data releases that could sway market dynamics are expected on Wednesday, May 7, 2025. The Federal Reserve’s interest rate decision, FOMC statement, and EIA crude oil inventories report are among the key events that will be closely watched by investors and analysts alike.
Major Economic Events to Watch
• 10:30 AM ET - EIA Crude Oil Inventories: Expected -2.500M, Previous -2.696M. Weekly change in commercial crude oil held by US firms.
• 2:00 PM ET - Interest Rate Decision: Forecast 4.50%, Previous 4.50%. FOMC members vote on where to set the key interest rate.
• 2:00 PM ET - FOMC Statement: No forecast. The Fed’s primary tool to communicate monetary policy to investors.
• 2:30 PM ET - FOMC Press Conference: No forecast. Fed Chair’s press conference following the rate decision.
Other Important Economic Events to Watch
• 10:30 AM ET - EIA Weekly Cushing Oil Inventories: Previous 0.682M. Change in crude oil storage at Cushing, Oklahoma.
• 3:00 PM ET - Consumer Credit: Forecast $9.80B, Previous -$0.81B. Change in outstanding consumer credit requiring installment payments.
Other Economic Events to Watch
• 7:00 AM ET - MBA 30-Year Mortgage Rate: Previous 6.89%. Fixed 30-year mortgage lending rates for 80% loan-to-value mortgages.
• 7:00 AM ET - MBA Mortgage Applications: Previous -4.2%. Change in new mortgage applications.
• 7:00 AM ET - MBA Purchase Index: Previous 146.6. Indicator of impending home sales.
• 7:00 AM ET - Mortgage Market Index: Previous 223.7. Covers all mortgage applications during the week.
• 7:00 AM ET - Mortgage Refinance Index: Previous 649.0. Gauge of mortgage refinancing activity.
• 10:30 AM ET - EIA Refinery Crude Runs: Previous 0.189M. No description provided.
• 10:30 AM ET - EIA Weekly Refinery Utilization Rates: Previous 0.5%. No description provided.
• 10:30 AM ET - Gasoline Inventories: Previous -4.003M. Change in commercial gasoline inventory.
• 10:30 AM ET - EIA Weekly Heatoil Stock: Previous 0.252M. No description provided.
• 10:30 AM ET - EIA Weekly Distillates Stocks: Forecast -2.700M, Previous 0.937M. Inventory levels of US distillates stocks.
• 10:30 AM ET - EIA Weekly Gasoline Production: Previous -0.616M. No description provided.
• 10:30 AM ET - EIA Weekly Distillate Fuel Production: Previous -0.017M. No description provided.
• 10:30 AM ET - EIA Weekly Crude Imports: Previous -0.663M. No description provided.
For further information and the latest updates, please refer to our Economic Calendar, here.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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