Like this Near-universe expectedThe US Federal Reserve left benchmark interest rates stable at 4.25% -4.50% on Wednesday at the June meeting.
“Although swings on net exports affect the data, recent indicators suggest that economic activity continues to expand at a steady pace,” the press release said. “The unemployment rate remains low, and the working market conditions remains stable. Inflation remains relatively elevated.”
Fed’s quarterly economic projections-which included the “DOT Plot” indicating which the central bank expects the Fed fund rate over time-has shown that policy manufacturers see rates at 3.9% by the end of 2025, which translates to 50 basis cuts this year’s point, as they expected in March. However, Fed members see decline rates by 3.6% next year and 3.4% in 2027, indicating fewer rates than their previous projection.
Policy manufacturers have also cut off their economic growth projections, including increasing GDP this year which is now seen at 1.4% compared to 1.7% in the March forecast. They also expected higher inflation for this year, with personal consumption spending (PCE) and Core PCE inflation landing at 3% and 3.1%, compared to 2.7% and 2.8% in March. Fed members also see the unemployment rate rising to 4.5% this year and during 2026, from 4.4% and 4.3% March projections.
Bitcoin (Btc), the sale of around $ 104,000 earlier in the session, was little to $ 104,200 minutes following the Fed’s decision. The S&P 500 and the NASDAQ indexes increased.
Entrepreneurs will return their attention to Fed Chair Jerome Powell’s statements at 2:30 pm Eastern Time (18:30 UTC) for further clues of the financial policy policy perspective.
