#FOMCMeeting The **next FOMC meeting** is **June 17–18, 2025**, concluding today and tomorrow. Here are key details:

1. **Current Rate**: The federal funds rate stands at **4.25%–4.50%**, unchanged since December 2024 .

2. **Expectations**: The Fed is **widely projected to hold rates steady** (95%+ probability), with markets eyeing potential cuts later in 2025 .

3. **Focus Areas**:

- Updated **"dot plot" projections** for future rate cuts amid stagflation risks from new U.S. tariffs and Middle East tensions .

- Recent **economic data**: May inflation rose to 2.4% (CPI), while retail sales and industrial output showed weakness .

4. **Market Impact**: Mortgage rates remain elevated (~6.93% for 30-year fixed), with cuts unlikely until September (60% odds) .

Chair Powell's press conference follows the decision on **June 18 at 2:30 p.m. ET** .