#FOMCMeeting The latest Federal Open Market Committee (FOMC) meeting concluded with the Federal Reserve maintaining its benchmark interest rate at 5.25%–5.50%, citing persistent inflationary pressures. While the U.S. economy shows signs of resilience—especially in the labor and consumer sectors—Fed Chair Jerome Powell emphasized a cautious approach. Updated projections indicated that most policymakers now foresee only one rate cut in 2025, compared to three previously forecasted. Inflation remains above the Fed’s 2% target, particularly in core categories. Powell reiterated the need for more confidence in disinflation trends before easing monetary policy. Markets reacted with slight volatility, while analysts reassessed their expectations. The next FOMC meeting is scheduled for July, with inflation and jobs data key to shaping the Fed’s direction.