Federal Reserve Set to Conclude Two-Day Meeting

The Fed's monetary policy-making body, the Federal Open Market Committee, is expected to announce a decision on interest rates at 2 p.m. EDT. Economists don't expect the U.S. central bank to raise interest rates at the meeting, after having done so at the last meeting in March. 

"The May FOMC meeting will likely prove to be a non-event, as it is probably too early for the Fed to change the reinvestment language in the statement," said Société Générale's Michala Marcussen in a note. "Similarly, the balance of risks and forward guidance should remain unchanged, and we look for only modest tweaks to the economic assessment."

This article was written by a staff member of TheStreet.