The Federal Reserve decided to keep interest rates unchanged within the 5.25-5.50% range for the seventh consecutive meeting on Wednesday, as widely anticipated by the market.
However, the updated Summary of Economic Projections (SEP) deliver a hawkish surprise for markets, indicating fewer potential rate cuts ahead and slightly higher inflation estimates compared to the previous projections in March.
June Fed Meeting Statement: Key Points
Interest Rates: The federal funds rate remains steady between 5.25% and 5.50%. The Federal Open Market Committee (FOMC) reiterated that the central bank “does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward the 2% target.”
Economic Activity: The Fed has made a subtle change to the opening paragraph of its statement, noting that “economic activity has continued to expand at a solid pace,” which is a slightly less optimistic assessment compared to the “robust pace” mentioned in the previous May statement.
Inflation Trend: The Fed states …
Full story available on Benzinga.com
The Federal Reserve decided to keep interest rates unchanged within the 5.25-5.50% range for the seventh consecutive meeting on Wednesday, as widely anticipated by the market.
However, the updated Summary of Economic Projections (SEP) deliver a hawkish surprise for markets, indicating fewer potential rate cuts ahead and slightly higher inflation estimates compared to the previous projections in March.
June Fed Meeting Statement: Key Points
Interest Rates: The federal funds rate remains steady between 5.25% and 5.50%. The Federal Open Market Committee (FOMC) reiterated that the central bank “does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward the 2% target.”
Economic Activity: The Fed has made a subtle change to the opening paragraph of its statement, noting that “economic activity has continued to expand at a solid pace,” which is a slightly less optimistic assessment compared to the “robust pace” mentioned in the previous May statement.
Inflation Trend: The Fed states …
Full story available on Benzinga.com
The Federal Reserve decided to keep interest rates unchanged within the 5.25-5.50% range for the seventh consecutive meeting on Wednesday, as widely anticipated by the market.
However, the updated Summary of Economic Projections (SEP) deliver a hawkish surprise for markets, indicating fewer potential rate cuts ahead and slightly higher inflation estimates compared to the previous projections in March.
June Fed Meeting Statement: Key Points
Interest Rates: The federal funds rate remains steady between 5.25% and 5.50%. The Federal Open Market Committee (FOMC) reiterated that the central bank “does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward the 2% target.”
Economic Activity: The Fed has made a subtle change to the opening paragraph of its statement, noting that “economic activity has continued to expand at a solid pace,” which is a slightly less optimistic assessment compared to the “robust pace” mentioned in the previous May statement.
Inflation Trend: The Fed states …Full story available on Benzinga.com Read MoreMacro Economic Events, QQQ, SPY, Broad U.S. Equity ETFs, Econ #s, Economics, Federal Reserve, ETFs, SPY, US78462F1030, QQQ, US73935A1043, Macro Economic Events, Broad U.S. Equity ETFs, Econ #s, Economics, Federal Reserve, ETFs, Benzinga Macro Economic Events
