🌟 #FOMCMeeting Update!
📅June 17, 2025 The Federal Open Market Committee (FOMC) is wrapping up its June 2025 meeting, and markets are on edge!
📈Here’s the latest real-time scoop as of 4:22 PM IST:
🔥Rate Decision: The Fed maintained the federal funds rate at 5.25-5.50%, signaling caution amid persistent inflation. No rate cuts expected until Q4 2025.
🛑📊Economic Projections:
💡GDP growth forecast for 2025 raised to 2.3% from 2.1%, reflecting stronger consumer spending.
📉Inflation outlook: Core PCE inflation projected at 2.8% for 2025, above the Fed’s 2% target.
💼Unemployment rate steady at 4.1%, signaling a resilient labor market.
🗣️Powell’s Remarks: Fed Chair Jerome Powell emphasized a “data-dependent approach,” hinting at prolonged high rates to combat inflation. Markets expect a hawkish tone in the 2:00 PM EST press conference.
🕒📈Market Impact:
🚀Bitcoin ($BTC) holds steady at $106,659, but volatility looms as traders eye Powell’s comments.
📉S&P 500 futures dip 0.2%, while 10-year Treasury yields climb to 4.31%.
💸Crypto markets brace for a potential $103,000 BTC support test if hawkish signals intensify.
🌍Global Context: The FOMC’s stance aligns with Japan’s BOJ holding rates at 0.25% and the ECB’s cautious pause, signaling global tightening.
Stay tuned for Powell’s presser—it could shake up markets!
