Reported about 1 year ago
The Federal Reserve decided to maintain its monetary policy status quo on June 12, but raised inflation forecasts for the year. Most officials predict only one rate cut this year, much lower than the three predicted in March, signaling a hawkish stance from the Fed due to lingering concerns over inflation. Chairman Powell downplayed the importance of officials' rate and inflation forecasts, emphasizing the need to rely on data, hinting at a slightly dovish tone. The Fed's forecast adjustments and economic projections indicate a conservative approach among officials regarding interest rate cuts, reflecting a slow-down trend in inflation progress expected to extend into next year.
Source: YAHOO