#FOMCMeeting

The Federal Open Market Committee (FOMC) is currently holding its two-day policy meeting, with markets closely watching for any signs of a shift in monetary policy. Here’s what we know:

Interest Rate Outlook: The Fed is widely expected to keep its benchmark interest rate steady at 4.25%–4.50%, in line with current market expectations.

Last Meeting Recap: Back in March 2024, the Fed held rates at a 23-year high of 5.25%–5.50% and signaled three potential rate cuts throughout the year.

Focus Areas: All eyes will be on the Fed’s updated economic projections and the "dot plot," which will offer clues about the timing and pace of any future rate adjustments.

Inflation & Growth: The Fed’s take on inflation trends and economic resilience remains a key point of interest.

Highlights from Past Meetings:

The Fed has projected a total of 0.75 percentage points in rate cuts for 2024, though policymakers remain divided on when those cuts should begin.

Inflation remains a top concern, with the Fed holding firm on its 2% target.

Economic growth estimates have been revised upward, pointing to continued strength in the U.S. economy.

The outcome of this meeting will offer fresh insight into the Fed’s evolving stance on inflation, growth, and interest rate policy. Stay tuned.